Business Today

The Meltdown

Business confidence takes a beating as top executives expect high crude oil prices and depreciating rupee to affect economic fundamentals, finds the latest Business Today C fore Business Confidence Survey.

Corporate India is spooked, and there are plenty of reasons for that. The rupee is in a free fall and soaring crude oil prices are widening the current account deficit, or CAD, hitting government finances. This has created a problem for policymakers and uncertainty for India Inc. The latest Business Confidence Index (BCI) survey conducted in the July September quarter reflects a drop in confidence levels of business leaders. Market research agency C fore quizzed 500 CEOs and chief financial officers across 12 cities for the survey. Based on the results, the BCI is 48.7 on a scale

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