Industry & Economy
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Industry Associations
Business outlook for second half remains positive: CII survey
Our Bureau
New Delhi, Nov. 20 With a strong sentiment of economic recovery running among the industry, business outlook for the second half of the fiscal remains better over the actual performance in the first half, says a CII survey.
According to the industry chamber’s northern region business outlook survey, which is based on 134 industry responses from across States such as Punjab, Rajasthan, Delhi, Uttar Pradesh and Haryana, about 22 per cent of respondents felt that recovery is already underway.
Moreover, 97 per cent expect GDP growth in 5 per cent range as against only 85 per cent in the previous April-September 2009-10 survey. More than half the respondents expect the growth rate to be between 6 and 7 per cent as against only 34 per cent in the previous survey.
Also, 86 per cent of the respondents expect inflation to be below 5 per cent, suggesting that while there may be spikes in some commodity prices, inflationary risks remain low.
On the export front, 51 per cent respondents expected an increase in volume of exports compared with 20 per cent actually reporting an increase in the last six months.
Also, 32 per cent expect the credit availability to increase as against only 20 per cent of the respondents reporting an increase in the last six months.
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