Dun & Bradstreet India Business Optimism Index down 5% QoQ in Jan-March qtr

The Dun & Bradstreet Composite Business Optimism Index stood at 89.9 for the January-March quarter, a decline of around 5.0 per cent compared to the October-December quarter survey. 

Four out of six optimism indices have registered a decline as compared to Q4 of calendar year 2021. The Business Optimism Index, which has been measuring the changing business sentiment of India Inc. since 2002, is an indicator for India’s overall growth with a correlation co-efficient of 80 per cent with the Gross Domestic Product (GDP).

Around 73 per cent of the respondents expect volume of sales to increase in the January-March