The National Council of Applied Economic Research (NCAER) said it tracks the business sentiments of around 600 Indian companies to compute the composite Business Confidence Index (BCI).
After RBI and IMF, economic think-tank National Council of Applied Economic Research (NCAER) has lowered the country's growth forecast to 6.9 per cent for the current fiscal on account of demonetisation.
According to a report released by the India Brand Equity Foundation earlier this year, India is expected to become the third-largest aviation market in the world by 2020 from the ninth-largest currently.
"Lower inflation because of lower commodity prices and lower food inflation may spur demand. "The indicators from the first quarter indicates that agriculture, industry and services are continuing to grow at same or similar rates as last quarter," National Council of Applied Economic Research (NCAER) said.
The manufacturing sector showed double digit decline in all four sectors - consumer durables, non-durables, intermediates and capital goods.
In the early days of nation-building, economic policy was dictated by Delhi. Now more and more states are taking charge of their destinies. In them, Delhi has the best chance of reclaiming India‘s growth story.
Finance Minister Pranab Mukherjee is likely to table White Paper on black money in Parliament today, providing information about black money stashed abroad.