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COVID-19 impact: Business Confidence Index plunges, says FICCI Survey

The latest round of FICCI’s Business Confidence Survey showed that the Overall Business Confidence Index nosedived and stood at 51.5 in the current round after reporting a decadal high value of 74.2 in the previous survey round.

May 31, 2021 / 02:40 PM IST
Increased exposure to risks as well as logistical delays as a result of fresh lockdowns were also highlighted as constraining factors.

Increased exposure to risks as well as logistical delays as a result of fresh lockdowns were also highlighted as constraining factors.


There is a sharp deterioration in the level of optimism among Indian corporates amid the second wave of COVID-19.

The latest round of FICCI’s Business Confidence Survey showed that the Overall Business Confidence Index nosedived and stood at 51.5 in the current round after reporting a decadal high value of 74.2 in the previous survey round.

The survey said that worsening current conditions as well as muted expectations about the near-term prospects on the back of a sweeping second wave of coronavirus infections pulled down the overall index value by over 20 points.

However, the Overall Business Confidence Index in our latest round was higher than the value of 42.9 (which was the lowest since the financial crisis) registered a year back.