India Inc runs out of feel-good steam: FICCI

Business confidence in India Inc is cloudy. The latest business confidence survey (Q1 2004-05, capturing six weeks of election time) conduct...

Business confidence in India Inc is cloudy. The latest business confidence survey (Q1 2004-05, capturing six weeks of election time) conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) says overall business confidence index has declined to 66.7 from 75.2 between January-March 2004.

A large number of respondents are not planning to add employees.

Also, the Indian industry is increasingly feeling the heat of competition from imports. Profitability index, after having declined to 32 in the last survey, has further fallen to 24.

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While 34 per cent of the companies believe there would be no change in their profits in the next six months, 21 per cent feel their profits will decline. Forty-five per cent, expect profits to rise.

The overall investment index has remained at the level as in the last survey. With 44 per cent expecting an increase in their investments and about 10 per cent expecting a decline, the index is static at 34.

The survey elicited response from 414 companies with a wide geographical and sectoral spread, whose revenues ranged from Rs 1 crore to Rs 60,000 crore.

Common supplies to joint training: Armed Forces look at steps ahead of theatrisation

India1 hr ago

Indian Armed Forces are working towards greater jointness and integration among the Army, Navy, and Air Force through standardizing equipment, supply chains, and training. The Combined Commanders Conference discussed measures to improve understanding and create theatre commands.

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