Friday, 12 April 2024 | 8:30 AM IST
Businesses reported a decrease in optimism in the July-Sept quarter compared to Q1, as per the Q2FY23 (July-Sept) edition of our quarterly Business Confidence and Performance Index (BCPI) survey. At 60.9, the headline index decreased by 15% since April. The macroeconomic outlook looks a bit sour but the capex intent continues to hold firmly. Sales, new orders, net profit, capacity utilisation and hiring are all edging down compared to the last year, as businesses are facing the heat of rising cost pressures and monetary tightening. Our discussion on the 21st September will open with a presentation of the main findings of the recent BCPI edition, including sector-specific results. This will set the context for an open-house discussion among our members about the state of their business and their outlook. Where is the deepest impact being felt today? What are the top response measures taken by companies? What is the outlook on growth and costs?