Biz sentiment hit two-year high in Q2 as Covid second wave eased off: NCAER

Sentiments improved sequentially in Q2FY22 with regard to production, domestic sales, exports, new orders, imports of raw materials, and pre-tax profits

As the second wave of Covid-19 eased off, business sentiment in the country hit an over two-year high in the September quarter (Q2) of the current financial year (FY22), according to a survey by the National Council of Applied Economic Research (NCAER).

The NCAER Business Confidence Index (BCI) increased by about 80 per cent to 117.4 in Q2FY22 from 65 in the year-ago quarter, while it jumped about 90 per cent on a quarter-on-quarter basis. The index was also up 13.8 per cent over the pre-pandemic period of the second quarter of 2019-20, when it stood at 103.1. However, companies