Around 80 percent of the respondents expect inflation to stay below 5 percent for the current fiscal
The survey - conducted between October 21 and 23 - includes CFOs from companies such as Unilever and Lenovo. It also showed that employment figures could be about to get a boost.
Ashok Wadhwa, group CEO, Ambit explains, in an interview to CNBC-TV18, that the government and India Inc must team up to boost biz sentiment.
India Inc's business confidence for the October-December quarter is witnessing signs of "turnaround" on account of recent reforms push, which has lifted domestic sentiment and renewed foreign investors interest as well, says research firm Dun & Bradstreet.
Fall in business confidence has affected air travel around the globe, including in India and China, which indicates further slowdown in passenger traffic in the months ahead, IATA said today.
Global economic uncertainty and soaring inflation, coupled with persistent high interest rates, are likely to hurt the business confidence in the current quarter, US-based research firm Dun and Bradstreet said today.
PN Vijay, portfolio manager, pnvijay.com joins CNBC-TV18 to give his reaction to the July IIP numbers and opine on what he expects of the upcoming RBI meet.
Stressing that growth is much slower than expected, think tank OECD today said recovery seems to have stalled in major developed nations, amid declining business confidence hurting global trade as well as employment.