GST jolted biz confidence in Q2: NCAER survey

BCIs of the consumer durables and intermediate goods sectors declined 20.5% and 14.1%, respectively, qoq, says NCAER survey

India Inc’s confidence dived due to goods and services tax (GST) trouble in the second quarter (July-September) of the current financial year, according to the National Council of Applied Economic Research (NCAER).
 
Its Business Confidence Index (BCI) fell 12.9 per cent from the earlier quarter. The survey of business sentiment was done in September. Year-on-year, the index fell 11.1 per cent.
 
NCAER has been conducting a Business Expectations Survey (BES) every quarter since 1991. This tracks what around 600 Indian companies think, to compute the composite BCI. Responses are elicited from companies and sectors across six cities, to