10) Business Confidence Index Flashcards
1
Q
Who releases this index ?
A
National Council of Applied Economic Research (NCAER)
2
Q
What does this index provide ?
A
It provides info on future developments in the business sector and insight on the business sentiments of 600 Indian companies
3
Q
Results ?
A
It stood at 77.4% in the 1st quarter of 2020-21 and dropped to 46.1% in this quarter
4
Q
Why is it alarming ?
A
This is the lowest BCI has ever fallen
5
Q
About NCEAR ?
A
1) Delhi based think tank established in 1956
2) Formed by TATA foundation and other premier organizations
3) To support both Govt and Private sector economic researches
4) It takes responses of 6 cities to assess business sentiments in 4 regions of India –
a) Delhi NCR (North)
b) Mumbai and Pune (West)
c) Kolkata (East)
d) Bengaluru and Chennai (South)
