CII Business Confidence index increases markedly in Apr-Jun 2016 as business expectations improve: CII
Indian industry remained upbeat about the business environment in the first quarter of FY2016-17, as borne out by a significant pick-up in the CII Business Confidence Index (BCI) for Apr-Jun 2016. The CII-BCI increased to the level of 57.2, up from the level of 54.1 recorded in the previous quarter. The index has been steadily climbing since the last three quarters.
The 90th Business Outlook Survey from the Confederation of Indian Industry found:
1) The CII Business Confidence Index increased slightly to 56.4 from 56.2 in the previous quarter, driven by an improvement in the Expectations Index.
2) Respondents expect GDP growth of 6.5-7.5% for 2014-15, inflation below 6%, fiscal deficit below 4.5%, and current account deficit below 2.5%.
3) Capacity utilization and sales are expected to increase in the fourth quarter of 2014-15, while input costs are expected to moderate. Profits are also expected to rise.
This document provides a weekly media update from Balmer Lawrie, including news related to the company, PSEs, and industries relevant to Balmer Lawrie's business. Key articles summarize reports on the biolubricants market size and growth, Seychelles tourism events that recognized Balmer Lawrie, forecasts for India's GDP growth in 2016-17, updates on manufacturing and services sector growth, and discussions on India's proposed GST structure and rates. The document also includes brief snippets on other topics like business confidence, credit availability, global business optimism rankings, and the role of the private sector in energy security.
The survey found that while companies' expectations for profit growth remained steady, expectations for turnover and employee growth declined from February to August 2014. Specifically, more companies expected negative turnover growth and fewer expected to increase staffing levels. However, the percentage of companies anticipating high (10-31%) turnover growth increased. While over half of companies still expect a moderate (5-10%) salary increase, confidence in industry and company growth for the next six months declined compared to February 2014, with more companies reporting they feel "not at all confident" about their own growth.
The survey found that while companies' expectations for profit growth remained steady, expectations for turnover and employee growth declined from February to August 2014. Specifically, more companies expected negative turnover growth and fewer expected to increase staffing levels. However, the percentage of companies anticipating high (10-31%) turnover growth increased. While over half of companies still expect a moderate (5-10%) salary increase, confidence in industry and company growth for the next six months declined compared to February 2014, with more companies reporting they feel "not at all confident" about their own growth.
Hays 2016 Salary and HR Report in the Gulf CountriesEndri Bahja
The Accountancy & Finance sector saw positive hiring in 2015, particularly in legal and multi-national companies. While salaries remained largely stable, audit professionals saw increases. Half of employees received a salary increase in 2015, most commonly due to individual performance or promotion. Looking to 2016, 60% of employees anticipate changing employers to progress their careers or increase salaries, though many will stay for career progression opportunities. Employers seek experienced regional professionals to strengthen their businesses.
The MNI India Business Indicator fell to 61.9 in April following an end-of-the-year rise to 65.5 in March, although sentiment was well above the same month a year earlier.
Hindustan Media Q1FY15: Strong advertising as well as circulation growth, BuyIndiaNotes.com
During the quarter, the company's revenue grew 16.5% YoY to INR2.1b (est INR2.02b). Advertising revenue grew 17% YoY to INR1.56b (est INR1.5b) largely led by yield improvement. Circulation revenue grew 17% YoY to INR493m (est INR458m). Buy
This summary provides the key details from the document in 3 sentences:
The document is a weekly media update from Balmer Lawrie that includes news about the company, other PSUs, and related business sectors. It mentions that Balmer Lawrie's CMD aims to double revenues by 2021 by leveraging traditional areas of expertise, and that 64 central PSUs showed capital erosion of Rs. 74,000 crore according to a CAG report. The update also covers various news stories about the Indian economy, including GDP growth forecasts and figures on the core sectors and services industry.
The 90th Business Outlook Survey from the Confederation of Indian Industry found:
1) The CII Business Confidence Index increased slightly to 56.4 from 56.2 in the previous quarter, driven by an improvement in the Expectations Index.
2) Respondents expect GDP growth of 6.5-7.5% for 2014-15, inflation below 6%, fiscal deficit below 4.5%, and current account deficit below 2.5%.
3) Capacity utilization and sales are expected to increase in the fourth quarter of 2014-15, while input costs are expected to moderate. Profits are also expected to rise.
This document provides a weekly media update from Balmer Lawrie, including news related to the company, PSEs, and industries relevant to Balmer Lawrie's business. Key articles summarize reports on the biolubricants market size and growth, Seychelles tourism events that recognized Balmer Lawrie, forecasts for India's GDP growth in 2016-17, updates on manufacturing and services sector growth, and discussions on India's proposed GST structure and rates. The document also includes brief snippets on other topics like business confidence, credit availability, global business optimism rankings, and the role of the private sector in energy security.
The survey found that while companies' expectations for profit growth remained steady, expectations for turnover and employee growth declined from February to August 2014. Specifically, more companies expected negative turnover growth and fewer expected to increase staffing levels. However, the percentage of companies anticipating high (10-31%) turnover growth increased. While over half of companies still expect a moderate (5-10%) salary increase, confidence in industry and company growth for the next six months declined compared to February 2014, with more companies reporting they feel "not at all confident" about their own growth.
The survey found that while companies' expectations for profit growth remained steady, expectations for turnover and employee growth declined from February to August 2014. Specifically, more companies expected negative turnover growth and fewer expected to increase staffing levels. However, the percentage of companies anticipating high (10-31%) turnover growth increased. While over half of companies still expect a moderate (5-10%) salary increase, confidence in industry and company growth for the next six months declined compared to February 2014, with more companies reporting they feel "not at all confident" about their own growth.
Hays 2016 Salary and HR Report in the Gulf CountriesEndri Bahja
The Accountancy & Finance sector saw positive hiring in 2015, particularly in legal and multi-national companies. While salaries remained largely stable, audit professionals saw increases. Half of employees received a salary increase in 2015, most commonly due to individual performance or promotion. Looking to 2016, 60% of employees anticipate changing employers to progress their careers or increase salaries, though many will stay for career progression opportunities. Employers seek experienced regional professionals to strengthen their businesses.
The MNI India Business Indicator fell to 61.9 in April following an end-of-the-year rise to 65.5 in March, although sentiment was well above the same month a year earlier.
Hindustan Media Q1FY15: Strong advertising as well as circulation growth, BuyIndiaNotes.com
During the quarter, the company's revenue grew 16.5% YoY to INR2.1b (est INR2.02b). Advertising revenue grew 17% YoY to INR1.56b (est INR1.5b) largely led by yield improvement. Circulation revenue grew 17% YoY to INR493m (est INR458m). Buy
This summary provides the key details from the document in 3 sentences:
The document is a weekly media update from Balmer Lawrie that includes news about the company, other PSUs, and related business sectors. It mentions that Balmer Lawrie's CMD aims to double revenues by 2021 by leveraging traditional areas of expertise, and that 64 central PSUs showed capital erosion of Rs. 74,000 crore according to a CAG report. The update also covers various news stories about the Indian economy, including GDP growth forecasts and figures on the core sectors and services industry.
Increment Strategy ppt 2012-13 : Play this in slide show modeVipul Saxena
The Indian economy grew at 6.28% in FY 2011-12 but slowed to an estimated growth rate of 5% in FY 2012-13, below the budgeted rate of 7.6%. Inflation increased over this period from 8.4% to 10.44% while industrial production and FDI declined. The mining and metals sector saw negative growth of 2.01% and 2.33% respectively over the two fiscal years. Salary increases across sectors averaged 12% in FY 2012-13, with manufacturing seeing the highest at 15% and financial services the lowest at 10%, as the economy faced challenges of inflation and slowing global growth.
Silicon Valley Bank's Life Science and Healthcare Startup Outlook Report examines how the industry's executives view 2017's opportunities and challenges. The report includes startups' thoughts on public policy issues as well as their expectations for fundraising and hiring.
The document is Abrivia Recruitment's 2015 salary survey. It summarizes findings from surveying over 4,000 client companies and 45,000 candidates. Key findings include that most companies increased hiring in 2014 and intend to continue doing so in 2015, with the majority of growth being permanent roles at graduate to mid-level. Most companies increased salaries in 2014 and plan to do so again in 2015, and over half will pay bonuses to reward staff. The IT sector shows the highest growth and hardest roles to fill.
The Irish economy saw significant growth in 2014, leading to an increase in permanent accountancy roles, especially at multinational companies. Demand was high for candidates with 1-5 years of experience from Big 4 firms. Part-qualified candidates also saw increased demand if they were bilingual. Salaries generally remained stable in 2014 except for niche skills. Hiring activity is expected to continue rising in 2015 as confidence improves, though recruitment processes have become longer on average.
Abrivia's Salary Survey 2015, highlighting market trends and salaries across Accountancy and Finance, Legal, Sales and Marketing, IT and HR to name a few!
The document is Abrivia Recruitment's 2015 salary survey. It summarizes findings from surveying over 4,000 client companies and 45,000 candidates. Key findings include that most companies increased hiring in 2014 and intend to continue doing so in 2015, with the majority of growth being permanent roles at junior to mid levels. Most companies increased salaries in 2014 and plan to do so again in 2015, and over half will pay bonuses to reward staff. The IT sector shows the highest growth and hardest roles to fill. The survey also examines trends in recruitment processes and sponsorship.
The document is Abrivia Recruitment's 2015 salary survey. It summarizes findings from surveying over 4,000 client companies and 45,000 candidates. Key findings include that most companies increased hiring in 2014 and intend to continue doing so in 2015, with the majority of growth being permanent roles at junior to mid levels. Most companies increased salaries in 2014 and plan to do so again in 2015, and over half will pay bonuses to reward staff. The IT sector shows the highest growth and hardest roles to fill. The survey also examines trends in recruitment processes and sponsorship.
The document discusses economic growth projections and salary increase trends in India for fiscal years 2014-15 and 2015-16. Some key points:
- Global GDP growth is projected to be around 5-6% for 2014-15 and 2015-16, with services and manufacturing seeing higher growth.
- India's economic outlook is improving, with 69% of companies expecting better business conditions.
- Average salary increases in India are projected to be 10.6% for 2015-16, higher than the 10.4% in 2014-15 but below some sectors like engineering and infrastructure.
- Compensation budgets have increased due to expectations of stronger business performance. Higher performers will see above-average salary hikes
Aarti Industries Ltd is an Indian chemicals company that manufactures products across various value chains including benzene, toluene, ethylene, and nitro toluene. It has 16 manufacturing units in India and customers in 60 countries. The document recommends buying shares of Aarti Industries, setting a target price of Rs 678, which represents a 31% upside from the current market price of Rs 518. It expects the company's revenues and profits to grow strongly over the next few years as capacity expansion allows it to capitalize on growth opportunities in specialty chemicals and pharmaceuticals.
This document summarizes the development and findings of a project aimed at supporting international students transitioning into Irish higher education. The project team conducted surveys and interviews with over 500 international students across several Irish institutes of technology. The survey found that students faced academic, social, and practical challenges in adjusting to the Irish college system. Based on the findings, the project team developed an online resource called "Live and Learn in Ireland" to provide information and support to both international students and staff on key issues affecting students' transitions.
The document discusses the rise of robotics and artificial intelligence and their potential impact on jobs and the labor landscape. Some key points:
- Private investment in AI has grown significantly in recent years and is expected to grow nearly 50% annually, indicating the field is past the "AI winter" of reduced funding and interest.
- Advances in machine learning, data analytics, and other technologies are enabling a new generation of "smart robots" that can perform tasks previously requiring human knowledge and skills.
- Some estimates suggest these cognitive technologies may replace over 100 million knowledge workers, or about one-third of the global workforce, by 2025.
- Current robotic process automation (RPA) tools can perform
What Fiber to the Home Can Do For Your CommunityMia Nickels
This document discusses the benefits of fiber to the home (FTTH) broadband networks. It argues that FTTH networks provide more reliable and higher bandwidth internet access that can boost economic growth and productivity. FTTH enables new applications and services in healthcare, education, entertainment and more. While FTTH has higher initial installation costs than existing copper networks, it has lower long-term operating costs and enables higher revenue opportunities. The document advocates that governments and communities consider FTTH networks as a key infrastructure investment for future economic and social development.
The annual report summarizes the activities of the Indian Women's Network (IWN) in the Southern Region for the year 2015-2016. Some key highlights include:
- IWN organized over 77 learning and development activities with over 8,000 participants across 6 states on topics like presentations skills, work-life balance, and women's rights.
- Health and well-being initiatives included health camps and webinars on women's health issues organized in partnership with Apollo Hospitals, KIMS Hospital, and Lotus Hospitals.
- IWN participated in international conferences on gender equality in Saudi Arabia and India to promote international linkages.
- Membership grew to over 1,500 professional women across
Abstracts of the workshop, Interrogating Change: Central Asia between Timeles...Encyclopaedia Iranica
This workshop aims to reimagine Central Asia as an interconnected region by bringing together scholars from different disciplines to interrogate portrayals of the region as either timeless or vulnerable to external change. The workshop will feature three panels on topics related to Central Asia: the first on Persian literary influences; the second on environmental history and pastoral nomadism; and the third on academic and bureaucratic approaches to studying Islam in the region. Presenters will explore how indigenous concepts and practices in Central Asia have adapted to and shaped social and cultural life over time.
Increment Strategy ppt 2012-13 : Play this in slide show modeVipul Saxena
The Indian economy grew at 6.28% in FY 2011-12 but slowed to an estimated growth rate of 5% in FY 2012-13, below the budgeted rate of 7.6%. Inflation increased over this period from 8.4% to 10.44% while industrial production and FDI declined. The mining and metals sector saw negative growth of 2.01% and 2.33% respectively over the two fiscal years. Salary increases across sectors averaged 12% in FY 2012-13, with manufacturing seeing the highest at 15% and financial services the lowest at 10%, as the economy faced challenges of inflation and slowing global growth.
Silicon Valley Bank's Life Science and Healthcare Startup Outlook Report examines how the industry's executives view 2017's opportunities and challenges. The report includes startups' thoughts on public policy issues as well as their expectations for fundraising and hiring.
The document is Abrivia Recruitment's 2015 salary survey. It summarizes findings from surveying over 4,000 client companies and 45,000 candidates. Key findings include that most companies increased hiring in 2014 and intend to continue doing so in 2015, with the majority of growth being permanent roles at graduate to mid-level. Most companies increased salaries in 2014 and plan to do so again in 2015, and over half will pay bonuses to reward staff. The IT sector shows the highest growth and hardest roles to fill.
The Irish economy saw significant growth in 2014, leading to an increase in permanent accountancy roles, especially at multinational companies. Demand was high for candidates with 1-5 years of experience from Big 4 firms. Part-qualified candidates also saw increased demand if they were bilingual. Salaries generally remained stable in 2014 except for niche skills. Hiring activity is expected to continue rising in 2015 as confidence improves, though recruitment processes have become longer on average.
Abrivia's Salary Survey 2015, highlighting market trends and salaries across Accountancy and Finance, Legal, Sales and Marketing, IT and HR to name a few!
The document is Abrivia Recruitment's 2015 salary survey. It summarizes findings from surveying over 4,000 client companies and 45,000 candidates. Key findings include that most companies increased hiring in 2014 and intend to continue doing so in 2015, with the majority of growth being permanent roles at junior to mid levels. Most companies increased salaries in 2014 and plan to do so again in 2015, and over half will pay bonuses to reward staff. The IT sector shows the highest growth and hardest roles to fill. The survey also examines trends in recruitment processes and sponsorship.
The document is Abrivia Recruitment's 2015 salary survey. It summarizes findings from surveying over 4,000 client companies and 45,000 candidates. Key findings include that most companies increased hiring in 2014 and intend to continue doing so in 2015, with the majority of growth being permanent roles at junior to mid levels. Most companies increased salaries in 2014 and plan to do so again in 2015, and over half will pay bonuses to reward staff. The IT sector shows the highest growth and hardest roles to fill. The survey also examines trends in recruitment processes and sponsorship.
The document discusses economic growth projections and salary increase trends in India for fiscal years 2014-15 and 2015-16. Some key points:
- Global GDP growth is projected to be around 5-6% for 2014-15 and 2015-16, with services and manufacturing seeing higher growth.
- India's economic outlook is improving, with 69% of companies expecting better business conditions.
- Average salary increases in India are projected to be 10.6% for 2015-16, higher than the 10.4% in 2014-15 but below some sectors like engineering and infrastructure.
- Compensation budgets have increased due to expectations of stronger business performance. Higher performers will see above-average salary hikes
Aarti Industries Ltd is an Indian chemicals company that manufactures products across various value chains including benzene, toluene, ethylene, and nitro toluene. It has 16 manufacturing units in India and customers in 60 countries. The document recommends buying shares of Aarti Industries, setting a target price of Rs 678, which represents a 31% upside from the current market price of Rs 518. It expects the company's revenues and profits to grow strongly over the next few years as capacity expansion allows it to capitalize on growth opportunities in specialty chemicals and pharmaceuticals.
This document summarizes the development and findings of a project aimed at supporting international students transitioning into Irish higher education. The project team conducted surveys and interviews with over 500 international students across several Irish institutes of technology. The survey found that students faced academic, social, and practical challenges in adjusting to the Irish college system. Based on the findings, the project team developed an online resource called "Live and Learn in Ireland" to provide information and support to both international students and staff on key issues affecting students' transitions.
The document discusses the rise of robotics and artificial intelligence and their potential impact on jobs and the labor landscape. Some key points:
- Private investment in AI has grown significantly in recent years and is expected to grow nearly 50% annually, indicating the field is past the "AI winter" of reduced funding and interest.
- Advances in machine learning, data analytics, and other technologies are enabling a new generation of "smart robots" that can perform tasks previously requiring human knowledge and skills.
- Some estimates suggest these cognitive technologies may replace over 100 million knowledge workers, or about one-third of the global workforce, by 2025.
- Current robotic process automation (RPA) tools can perform
What Fiber to the Home Can Do For Your CommunityMia Nickels
This document discusses the benefits of fiber to the home (FTTH) broadband networks. It argues that FTTH networks provide more reliable and higher bandwidth internet access that can boost economic growth and productivity. FTTH enables new applications and services in healthcare, education, entertainment and more. While FTTH has higher initial installation costs than existing copper networks, it has lower long-term operating costs and enables higher revenue opportunities. The document advocates that governments and communities consider FTTH networks as a key infrastructure investment for future economic and social development.
The annual report summarizes the activities of the Indian Women's Network (IWN) in the Southern Region for the year 2015-2016. Some key highlights include:
- IWN organized over 77 learning and development activities with over 8,000 participants across 6 states on topics like presentations skills, work-life balance, and women's rights.
- Health and well-being initiatives included health camps and webinars on women's health issues organized in partnership with Apollo Hospitals, KIMS Hospital, and Lotus Hospitals.
- IWN participated in international conferences on gender equality in Saudi Arabia and India to promote international linkages.
- Membership grew to over 1,500 professional women across
Abstracts of the workshop, Interrogating Change: Central Asia between Timeles...Encyclopaedia Iranica
This workshop aims to reimagine Central Asia as an interconnected region by bringing together scholars from different disciplines to interrogate portrayals of the region as either timeless or vulnerable to external change. The workshop will feature three panels on topics related to Central Asia: the first on Persian literary influences; the second on environmental history and pastoral nomadism; and the third on academic and bureaucratic approaches to studying Islam in the region. Presenters will explore how indigenous concepts and practices in Central Asia have adapted to and shaped social and cultural life over time.
A job applicant is interviewed for a summer intern position. During the interview, the interviewer informs the applicant that they researched the applicant's digital footprint and found unflattering information, including negative comments about a previous employer, photos depicting binge drinking, and involvement in a cyberbullying incident. As a result, the applicant is told they will not be selected for the internship. Distressed by how much personal information was accessible online, the applicant undertakes efforts to clean up and curate their online profile and digital footprint to improve their reputation and future employment prospects.
The document discusses how to build trusted relationships and develop social PACTs (Person of Interest, Associate, Credible Source, Trusted Advisor) in a social network by identifying interesting people, connecting with them through observations, opinions, questions, and innovative ideas to earn the right to become a trusted advisor. It also talks about how businesses recognize the value of employee social networks and relationships just as they do salespeople's contacts.
This document outlines a calculation package that will calculate totals and averages by product from a database source to a flat file destination. The target SQL code will select product IDs, sum quantities, sum total costs, and average cost from the TransactionHistoryArchive table, grouping by product ID and ordering by product ID. The data flow will calculate line item totals, sum quantities and totals by product, derive average costs, sort by product ID, and output to a flat file destination.
In August-September, 2014 issue of Economy Matters, we analyse the recently held G20 Summit; movement in oil prices and Ukraine situation in the section on Global Trends. In the section on Domestic Trends, we discuss the trends emanating out of the recent releases on GDP, IIP, Inflation and Trade. In the section on Taxation, the urgency of implementing GST in India is discussed. The Sectoral spotlight for this issue is on the Food Processing Industry. In Focus of the Month, the spotlight is on improving investment in Infrastructure.
1. The 2-10 Home Buyers Warranty provides structural warranty coverage and acts as an administrator in the complaint process, but does not advocate for either party. The warranty insurer is responsible for paying claims if the builder defaults.
2. Many common beliefs about structural warranty programs are misconceptions. In reality, the warranty covers limited obligations, does not provide legal counsel for builders, and allows homeowners to file suits. The warranty insurer does pay qualified claims amounting to over $250 million.
3. Structural defects from soil movement are more common than assumed, and are the leading cause of property damage in the US. The Construction Performance Guidelines used in the warranty program are adopted from the National Association of Home
This document provides information about a Real Estate Practice course offered in fall 2014 including the instructor's contact information, class meeting times and device policy, course description and objectives, required text, student learning outcomes, evaluation methods, grading scale, class schedule and important policies. The course covers all aspects of a real estate career including ethics, contracts, financing, escrow and title issues. Evaluation includes quizzes, a midterm and final exam and class participation. The class meets on Wednesdays from 6:50-10pm and covers topics in 15 chapters through lectures, discussion and guest speakers.
The CII Business Confidence Index for the April-June 2016 quarter rose to 57.2, up from 54.1 in the previous quarter. The majority of respondents expect GDP growth between 7-8% and nearly two-thirds expect another cut in policy rates by the central bank. Over three-quarters believe inflation will be between 4-6% and most attribute the corporate sector recovery to increased government spending.
The CII Business Confidence Index (CII- BCI) for January-March 2017 quarter rose to an all-time high of
64.1 as against 56.5 recorded in the previous quarter. The sharp increase in business sentiment has
majorly been driven by a significant uptrend in the Expectations Index (EI) though the Current Situation
Index (CSI) also improved marginally.
Latest round of FICCI’s Business Confidence Survey reported signs of moderation in the optimism level of corporate India. The index value slipped to 66.3 according to the results of FICCI’s latest survey round, which is a six quarter low. The index value stood at 73.2 in the previous round. The build-up in confidence noted since Government assumed office last year has been encouraging, however the same momentum needs to be sustained going ahead.
The results of FICCI’s latest Business Confidence Survey points towards a sanguine mood among members of India Inc. The Overall Business Confidence Index (OBCI) rose to a six quarter high. The index value stood at 67.3 in the current survey, vis-à-vis 62.8 in the last round.
Reflecting an improvement in perception regarding overall economic conditions and amidst indications of a normalisation in business situation post the recent disruptions, companies are optimistic that economic growth would gain traction during the third quarter of FY18. CII’s 101st edition of quarterly Business Confidence Index has climbed up to the level of 59.7 during Oct-Dec 2017 as against 58.3 in the previous quarter.
The survey found that business confidence in India declined significantly in the latest quarter. The business confidence index fell to its lowest level in 18 quarters. Companies reported moderate to substantially worse performance over the last six months at the overall economic, industry and firm level. Near term outlook for key indicators like sales, profits and investments also remained subdued. Weak demand continued to be a major constraint along with high and rising cost of credit. Availability of credit emerged as a larger problem compared to the previous survey.
CII - 85th Business Outlook Survey October- December 2013BFSICM
Value of
Production
(Oct - Dec)
Inventories
(July - Sep)
Inventories
(Oct - Dec)
Sales
(July - Sep)
Sales
(Oct - Dec)
1) The CII Business Confidence Index increased sharply to 54.9 in Q3 FY14 from 45.7 in the previous quarter, indicating improved investor sentiment.
2) Majority of respondents expect GDP growth in FY14 to be 4.5-5.0% and inflation to be above 7%. Most also expect the fiscal deficit to be 4.5-5.0% and current account deficit to be 3.5-
Business Confidence Survey points that market demand has weakened following demonetization and that Union Budget 2017-18 is crucial for stimulating economy
The CII – IBA Financial Conditions Index at 61.1 for Q1 FY 2016-17 shows healthy improvement in the overall financial conditions in the Indian economy vis-à-vis the previous quarter (47.8) reflecting from strong expectations of leading banks and financial institutions of reduction in cost of funds, comfortable liquidity position and better external financial linkages whereas the overall economic activity also signaling improvement, albeit moderately on a quarter on quarter basis.
The document discusses the DSP Healthcare Fund, which invests in Indian and overseas healthcare companies across sectors like pharmaceuticals, hospitals, diagnostics, and medical devices. It highlights secular growth drivers for the Indian healthcare industry like rising incomes, aging population, and government policies. The fund aims to benefit from increasing healthcare spending in India as well as export and global opportunities. Historical trends show the healthcare sector outperformed during periods of strong export growth and improving return ratios. The sector is currently positioned for growth as business cycles recover and valuations remain low. Investing in both Indian and US healthcare equities provides portfolio diversification benefits.
The most promising trends in 2014 are Big Data analytics, Internet of Things and Cloud Computing.
Despite recent acquisitions of Israeli startups by multinational companies, most Venture Capitalists (63%) believe the number of exits in the Israeli high-tech sector will remain the same in the next six months
The CII ASCON Industry Survey for the April – June FY16 quarter reveals a reversal from the earlier trend of slowing growth, with indications of a recovery taking shape in the economy, albeit a slow one. The latest Survey, which tracks the growth of the industrial sector through responses collected from sectoral industry associations, reveals a slight improvement in growth trends in terms of production over the corresponding quarter a year ago.
The CII ASCON Industry Survey which tracks the growth of different industrial and services sectors of the economy, is based on the feedback collected from industry associations affiliated to CII. The industry associations encompass wide range of sectors comprising of small, medium and large enterprises. In most of the cases, these account for approximately 70% of the total industry output in the respective sectors.
The Survey was conducted from mid-June till end of July 2015 and tracks the estimated growth trends in terms of Production, Sales and Exports for Q1 FY 16.Responses have been segregated in the following four broad categories: (i) ‘Excellent’ (growth in excess of 20%), (ii) ‘High’ (growth in the range of 10-20%), (iii) ‘Moderate’ (growth in the range of 0-10%) and (iv) ‘Negative’ (growth less than 0%).
Of the 93 sectors surveyed, the share of sectors that have recorded excellent growth of more than 20 percent in Q1 (April –June) FY16 quarter has surged up to 16.1 percent (15 out of 93 respondents) as against 7.1 percent (8 out of 112) recorded in the year ago period. This is a clear indication of improvement over the last year.
While the share of sectors witnessing a high growth rate of 10 to 20 percent has reduced significantly to 9.7 percent (7 out of 93) in April-June FY16 from 14.3 percent (16 out of 112) during the corresponding period a year ago, the share of sectors reporting moderate growth has declined marginally to 51.7 percent (47 out of 93) as compared to 51.8 percent in the year ago period. At the same time, the number of sectors recording negative growth has fallen from 26.9 percent (30 out of 112) in the first quarter last year to 23.6 percent (21 out of 93) in the first quarter this year.
On the issues and concerns impacting growth, margin pressure from stiff competition, competition from imports, shortage of power, high regulatory burden, lack of domestic and export demand, shortage of skilled labour and talent and high tax burden have been cited as the most important constraints by more than 50 percent of the respondents.
A new survey conducted by The Economist Intelligence Unit for Bank of America Merrill Lynch finds that optimism abounds among Asia CFOs but financial concerns are becoming more pressing. More than three-quarters of Asia's finance chiefs (76%) expect revenues to grow this year, up from 72% in 2013. However, optimism on profits is tempered by intensifying margin pressures. The proportion of CFOs in Asia that expects profits to grow has fallen to 60% from last year's 65%. The report is now free for download at http://bit.ly/1hMIq7R
The document summarizes the key findings of the 2017 CFO Sentiment Study conducted by The CFO Alliance. Over 500 organizations participated in the study. Key findings include that 74% of CFOs viewed the economy as strong, 65% expected higher revenue, and 58% expected higher earnings in 2017. CFOs will focus on organic growth and increasing customer spend to drive growth and profitability. Factors impacting this include expanding customer relationships, marketing execution, talent, and efficiency.
KPMG Study - Third EFB-KPMG European Family Business Barometer - Dec 2014Tatiana Andreeva
In this third bi-annual European Family Business Barometer, European Family Businesses (EFB) and KPMG once again seek to bring an insight into the confidence levels of family businesses, the challenges affecting their everyday operations and the solutions they seek to ensure their development and sustainable growth. This time the headline message is that while the outlook is positive the pressure on profitability and the war for talent are the key changes.
The document summarizes key findings from a survey of CFOs in Southeast Asia. It finds that:
1) CFO optimism in the region is growing slightly but consumer business CFOs are less optimistic; Indonesia has the highest optimism.
2) Southeast Asia is primarily used as a large consumer market, with Indonesia seen as most important in the next 3 years.
3) Organic growth is preferred over M&A for market expansion, while bureaucracy is cited as the top obstacle.
The CII ASCON Industry Survey found diverging growth trends in Q2 FY17 compared to the same quarter last year. The share of sectors with excellent growth (>20%) increased from 7.5% to 15.1%, while sectors with high growth (10-20%) declined slightly from 16.1% to 15.1%. Meanwhile, sectors with moderate growth (0-10%) fell from 46.2% to 29.0%, and sectors with low growth (<0%) rose from 30.1% to 40.9%. Overall, growth remains concentrated in a few sectors rather than broad-based. Going forward, continued urban consumption and rural revival could boost sector growth and revive private investment.
The latest round of FICCI’s Business Confidence Survey shows a further improvement in confidence level amongst members of corporate India.
The Overall Business Confidence Index stood at 72.7 in the present survey, which is the highest in fifteen quarters. The index value in the previous survey was 69.0.
The Current Condition Index increased to 65.4 in the present survey from 57.8 in the previous round. The Expectation Index also indicated an improvement to 76.3 in the current survey from 74.6 last time.
The May edition of the Multilateral Newsletter highlights the key deliberations from the Forum and provides the key recommendations made by the OECD stakeholders. In addition, the edition covers major happenings at the World Bank, Asian Development Bank (ADB), B20 and International Labour Organisation (ILO).
The document discusses empowering micro, small and medium enterprises (MSMEs) in India. It outlines some key policies and initiatives that have impacted MSMEs recently, both positively and negatively. These include banning letter of undertakings to check banking irregularities, addressing issues from demonetization, and the impacts of implementing the Goods and Services Tax (GST). Overall, the MSME sector contributes significantly to the Indian economy but still faces challenges around access to finance, regulations and compliance that need to be addressed for it to reach its full potential.
It’s a matter of concern that 600 million people in India face high to extreme water stress in the country. About three-fourths of the households in the country do not have drinking water at their premise. With nearly 70% of water being contaminated, India is placed at 120th amongst 122 countries in the water quality index. It’s a fact that water is a State subject and its optimal utilization and management lies predominantly within the domain of the States. This index is an attempt to budge States and UTs towards
efficient and optimal utilization of water and recycling thereof with a sense of urgency.
GST has been implemented in India for one year. A survey found that most respondents believe GST was the right decision and are satisfied with its overall implementation. Specifically:
- 83% believe GST was the right step. Nearly two-thirds are satisfied with the overall implementation.
- GST has had a positive impact on employment and demand for goods and services.
- Respondents were satisfied with many aspects of GST like registration, invoices, record keeping. However, some were less satisfied with penalties, interest rates and certain refund processes.
Cyberspace is rapidly transforming our lives – how we live, interact, govern and create value. With the JAM (Jan Dhan, Aadhaar and Mobile) trinity, India is at the forefront of global digital transformation. “Digital India” is being hailed as the world's largest technology led programme of its kind.
While internet, smartphones and modern information and
communication devices have been great force multipliers, endless connectivity and proliferation of IoT devices is giving rise to vulnerabilities, risks and concerns. Cyber security is today ranked among top threats by governments and corporates. Heightened concerns about data security and privacy have resulted in a spate of regulations in India and across the world. India is in the process of discussing and enacting its own comprehensive data security and privacy regulation, as well as vertical specific ones. Cyber security is an ecosystem where laws, organisations, skills, cooperation and
technical implementation would need to be in harmony to be
effective.
Overall, a robust regulatory framework based on global and
country-specific regulations, development of a holistic cyber
security eco-system (academia and industry as well as
entrepreneurial) and a coordinated global approach through
proactive cyber diplomacy would help to secure cyber space and promote confidence and trust of key stakeholders including
citizens, businesses, political and security leaders.
CII has been actively working in the cyber security space. The CII Task Force on Public Private Partnership for Security of the Cyber Space has been set up to bring about improvements in the legal framework to strengthen and maintain a safe cyberspace ecosystem by capacity building through education and training programmes. We would facilitate collaboration and cooperation between Government and Industry in the area of cyber security in general and protection of critical information infrastructure in particular, covering cyber threats, vulnerabilities, breaches, potential protective measures, and adoption of best practices.
Delhi, the capital of India, has emerged as a major commercial capital and industrial hub of India. It is home to a wide range of industries including textiles, electrical and electronics, IT &ITeS services, hotel and tourism, which have contributed immensely to the economic and industrial growth of the country. Nearly 88% of the SMEs in Delhi revealed that this cluster is as an attractive destination for conducting business. Delhi has become an attractive business and tourist destination. This is driven by its improved infrastructure, good connectivity with other Asian and western regions, ease of access to market and availability of skilled labor among others. Consequently, it has emerged as
one of the most preferred investment and business destinations.
The state government of Maharashtra has been at the forefront in creating a conducive business environment that fosters globally competitive firms. Business reforms introduced both by the Central as well as the state government have played a critical role in India’s 30 spots improvement in the Doing Business ranking for 2018.
The State, under the Business Reforms Action Plan (BRAP) 2016, has implemented over 90 per cent reforms in 7 out of 10 parameters, including labour registration, utility connections, single window system, environment registration, among others. These policy reforms have significantly helped in the reduction in time and cost of doing business for the industry, thereby
establishing Maharashtra as one of the top investment destinations in the country.
This report provides the key highlights of the select initiatives on ease of doing reforms in Maharashtra. With a view to provide on-ground impact of these initiatives, the Report also captures industry views on various aspects of business reforms.
The March-April edition of the Multilateral Newsletter gives insights on the key happenings at the various multilateral institutions and highlights the key discussions and deliberations at the informal WTO Ministerial Meeting held in New Delhi.
WTO plays a vital role by bringing stability and predictability to the multilateral trading system. It is a collective responsibility of WTO members to address the challenges faced by the system and putting the economies back on steady and meaningful way forward.
Several proposals and initiatives on investment facilitation were tabled at the WTO in the run-up to the 11th Ministerial Conference. The proponents advocated discussions on Investment Facilitation within the WTO framework. However, there was no consensus on initiating negotiations, or even establishing a Work Programme, on Investment Facilitation. A clear need of more work to look at all aspects of a potential multilateral rules on Investment, particularly on its impact on domestic policy space was stated.
In order to deepen the understanding between the member it is important that an open, transparent and inclusive approach of decision making for the various interventions. The informal WTO Ministerial gathering in New Delhi saw convergence of around 53 members representing a broad spectrum of the WTO membership.
CII, as an Industry Institution is cognizant of the need for India to engage constructively in some of the new issues being discussed under the WTO framework.
Businesses are gradually recognizing that ethics means good business. It is believed that well-run and trustworthy
companies are more likely to attract greater investment opportunities, which enables them to innovate and expand, and
generate wealth and jobs. Good corporate governance practices are regarded as providing an 'extra' edge to companies
to enhance their image and stay ahead in an intensely competitive business environment. This would help them imbibe
universally accepted values of ethics and good governance—accountability, transparency, responsibility and
responsiveness to stake holders. Besides, it would also mean looking beyond achieving mere economic sustainability to
include social and environmental sustainability as well. Many corporates are adhering to sustainable business practices
and many more are likely to follow suit in the time to come.
On the domestic front, CII expects economic growth to bounce back to 7.3-7.7 per cent in FY19 from the estimated 6.6
per cent in FY18. The prognosis of improved rural consumption and a recovery in private investment will support
growth, even as the debilitating effects of demonetisation and GSTimplementation will fade away
The Commuique May 2018 edition discusses the cover story
on 'Resolving Insolvency in India'
The Insolvency and Bankruptcy Code (IBC) 2016, is one of
the biggest regulatory reforms corporate India has witnessed
in recent times.
It also features 'UK-India CEO Forum Meeting ', 'CII CEOs Delegation to 11th Commonwealth Business Forum 2018', 'Four Transformations of the Global Energy Market', Economy pieces on 'The Innovation Paradox' & 'Can the Lion Conquer the Forest?' along with a piece on 'India-Africa Economic Partnership'.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
The report reflects on the role of broadband connectivity and the multiplier effect it has on the larger ecosystem. India is ripe for a Digital rethink, with both government and industry aligning their efforts toward a broadband powered Digital India. Broadband has the power to enable the gigabit society that is always connected. Broadband connectivity has changed the way people
communicate, socialise, create, sell, shop and work. India’s digital consumption patterns highlights the evolution. On an average Indians spend 200 minutes on mobile every day, with the second highest app downloads globally. Almost 79% of the web traffic in India is on mobile.
To realise the Digital India dream, there is a need to strengthen the broadband backbone, which forms a key pillar of this transformation. This report highlights the need for future ready and robust broadband infrastructure and the requisite efforts for expediting its reach.
South Africa and India share a rich past and bright future. India has transitioned from being South Africa’s political ally to being a vibrant economic partner. Despite challenges, the opportunity for increasing the value of bilateral trade between the two countries is growing exponentially each year.
South Africa and India have nurtured a bilateral relationship since the 1860s, when the first Indians arrived in South Africa. India was one of the first countries that rallied at the United Nations in support of the anti apartheid movement in South Africa. The strong bond established between the two countries during the struggle for democracy in South Africa became further entrenched in post-apartheid South Africa.
Most global businesses recognise South Africa as the most favourable destination in Africa for making long-term investments. The country offers a stable political and economic environment with established institutions. Policies and procedures are well articulated and consistent, and it offers a free and competitive environment with open-minded consumers. South Africa provides the most stable and technologically viable environment for Indian companies wishing to establish a base from which to expand across the continent. As a gateway to Africa, it is renowned for its infrastructure, skills pool and expertise.
The document discusses India's progress and potential in innovation and adoption of new technologies. It makes the following key points:
1) While India has the human capital and resources to leverage new technologies like AI, machine learning, and IoT, its spending on R&D as a percentage of GDP is still low compared to other countries. The industry sector in particular needs to increase its investment in technology and innovation.
2) CII has been promoting technology adoption in Indian industry through various programs and platforms. It is also partnering with the government on initiatives to facilitate industry-academia collaboration and international joint R&D projects.
3) For India to fully capitalize on new technologies, both industry and start
This is the fifth edition of the Grant Thornton India meets Britain Tracker, developed in collaboration with the Confederation of Indian Industry. The India Tracker identifies the fastest-growing Indian companies in the UK, as well as the top Indian employers. It provides insight into the evolving scale, business activities, locations and performance of the Indian-owned companies who are making the biggest impact in the UK.
This year, our research identified approximately 800 Indian companies operating in the UK, with combined revenues of £46.4 billion (£47.5 billion in 2017). Together, they paid £360 million in corporation tax (£275.7 million in 2017) and employed 104,932 people (105,268 in 2017). This shows the continued importance of the contribution that Indian companies make to the UK economy.
The Make in India initiative of the government which lays emphasis on domestic manufacturing, indigenization and import substitution, is expected to pave the way for making the Indian defence sector self-sufficient.Encouragingly, the Indian industry is now actively engagedand is partnering with the government in building a modern and best-in-class defence systems, equipment and components which should strengthen our forces and make the country more self-reliant. The formation of the Society of Indian Defence Manufacturers (SIDM) as an apex body of the Indian defence industry is critical in this regard. SIDM is expected to play a proactive role as an advocate, catalyst and facilitator for building the growth and capability of the defence industry in India. Given the rising importance of buttressing the Make in India programme for expanding the capacity of the Indian defence sector, in this issue of Economy Matters, a few SIDM office bearers and defence experts present their insights into this crucial topic.
As India integrates deeper into the global economy, it is becoming increasingly clear that the country needs to focus both on meeting international competition and its own developmental challenges.
The Government launched several initiatives last year, such as Make in India, Skill India, and Digital India, among others, towards make the vision of integrated inclusive development a reality.
For industry, grappling with the challenges of disruptive technologies, restrictive trade laws, environmental responsibilities and more demanding and discerning customers, the imperative is for sharper focus on producing excellent goods and services, along with building skills, generating jobs, and mainstreaming the marginalized.
The document recommends actions to reform public transport and shared mobility in Delhi to reduce air pollution. It finds that private vehicles have significantly increased while public transport options like buses have declined. It recommends identifying gaps in public transport accessibility, increasing bus fleets by involving private players through liberalized permit systems, leveraging existing cluster bus models, and liberalizing taxi permits for aggregators. Coordinated action is needed between central and state governments to ensure bus aggregators and state transport undertakings coexist synergistically. Expanding public transport options can help shift travelers from private vehicles to more sustainable modes.
Confederation of Indian Industry (CII) takes immense pleasure in presenting the third edition of Annual CSR Tracker 2017. Similar to the last two editions, this is the most comprehensive analysis of CSR disclosures of Bombay Stock Exchange (BSE-listed) companies obligated to practice CSR as per the Companies Act, 2013.
The Annual CSR Tracker 2017 is based on disclosures of 1,522 companies as compared to 1,270 companies in 2016 and 1,181 in 2015. Disclosures are broken into approximately, 41 indicators spread across six aspects of CSR legislation: governance, policy, financials, spends as per Schedule VII, spend channels, and spend locations. Also included is beneficiary data that companies voluntarily disclose in their annual reports.
At CII Indian Women Network, we are driven by the imperative that Indian women become a core critical mass of the workforce to bring about the transformational change in attitude and behavior. We have also recognized the importance of some amazing women role models who can inspire the future generation into believing that there are no limits to what a woman can achieve. One critical aspect is our own self-belief and innermost conviction that will ultimately help us triumph in our relentless struggle for gender equality. It is a pleasure to share this comprehensive report with you that captures the universe of several variables that will impact our future progress.
AHMR is an interdisciplinary peer-reviewed online journal created to encourage and facilitate the study of all aspects (socio-economic, political, legislative and developmental) of Human Mobility in Africa. Through the publication of original research, policy discussions and evidence research papers AHMR provides a comprehensive forum devoted exclusively to the analysis of contemporaneous trends, migration patterns and some of the most important migration-related issues.
This report explores the significance of border towns and spaces for strengthening responses to young people on the move. In particular it explores the linkages of young people to local service centres with the aim of further developing service, protection, and support strategies for migrant children in border areas across the region. The report is based on a small-scale fieldwork study in the border towns of Chipata and Katete in Zambia conducted in July 2023. Border towns and spaces provide a rich source of information about issues related to the informal or irregular movement of young people across borders, including smuggling and trafficking. They can help build a picture of the nature and scope of the type of movement young migrants undertake and also the forms of protection available to them. Border towns and spaces also provide a lens through which we can better understand the vulnerabilities of young people on the move and, critically, the strategies they use to navigate challenges and access support.
The findings in this report highlight some of the key factors shaping the experiences and vulnerabilities of young people on the move – particularly their proximity to border spaces and how this affects the risks that they face. The report describes strategies that young people on the move employ to remain below the radar of visibility to state and non-state actors due to fear of arrest, detention, and deportation while also trying to keep themselves safe and access support in border towns. These strategies of (in)visibility provide a way to protect themselves yet at the same time also heighten some of the risks young people face as their vulnerabilities are not always recognised by those who could offer support.
In this report we show that the realities and challenges of life and migration in this region and in Zambia need to be better understood for support to be strengthened and tuned to meet the specific needs of young people on the move. This includes understanding the role of state and non-state stakeholders, the impact of laws and policies and, critically, the experiences of the young people themselves. We provide recommendations for immediate action, recommendations for programming to support young people on the move in the two towns that would reduce risk for young people in this area, and recommendations for longer term policy advocacy.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
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United Nations World Oceans Day 2024; June 8th " Awaken new dephts".Christina Parmionova
The program will expand our perspectives and appreciation for our blue planet, build new foundations for our relationship to the ocean, and ignite a wave of action toward necessary change.
Indira awas yojana housing scheme renamed as PMAYnarinav14
Indira Awas Yojana (IAY) played a significant role in addressing rural housing needs in India. It emerged as a comprehensive program for affordable housing solutions in rural areas, predating the government’s broader focus on mass housing initiatives.
How To Cultivate Community Affinity Throughout The Generosity JourneyAggregage
This session will dive into how to create rich generosity experiences that foster long-lasting relationships. You’ll walk away with actionable insights to redefine how you engage with your supporters — emphasizing trust, engagement, and community!
The Antyodaya Saral Haryana Portal is a pioneering initiative by the Government of Haryana aimed at providing citizens with seamless access to a wide range of government services
2. 95TH BUSINESS OUTLOOK SURVEY
Confederation of Indian Industry
95TH BUSINESS OUTLOOK SURVEY
(April-June 2016)
HIGHLIGHTS
The CII Business Confidence Index (CII- BCI) for April-June 2016 quarter rose to 57.2 from 54.1
in the previous quarter.
Majority of the respondents expect the economy to grow between 7.0-8.0%.
More than three quarter of the respondents (78 per cent) expect inflation to lie in the 4.0-
6.0% range.
Nearly two thirds of the respondents (64 per cent) expect another cut in policy rates by the
central bank.
Majority of the respondents (43 per cent) attribute the recovery in corporate sector to
increased government spending.
Major share of the respondents (40 per cent) feel that a turnaround in the global economy
will help jumpstart private investment cycle.
Close to half of the respondents (47 per cent) expect capacity utilization to improve to 75-
100% level in Apr-Jun 2016 quarter.
Majority of the firms expect no change in their domestic and international investment plans
in Apr-Jun 2016.
Close to two thirds of the respondents expect an improvement in sales and new orders in the
Apr-Jun 2016 quarter.
While an almost equal share of respondents expect the cost of raw materials and fuels to
either increase or remain unchanged in Apr-Jun 2016, a significant majority anticipates an
increase in wages and salaries and unchanged credit cost in the said quarter.
Close to 50 per cent of the respondents anticipate an increase in after tax profits in Apr-Jun
2016.
Majority of the respondents expect no significant change in external trade in Q1 FY17.
Low domestic demand and fragile global economic recovery emerge as the top concerns this
quarter.
1
3. 95TH BUSINESS OUTLOOK SURVEY
Confederation of Indian Industry
BUSINESS CONFIDENCE INDEX
The CII Business Confidence Index (CII- BCI) for April-June 2016 quarter rose to 57.2 as against the
level of 54.1 recorded in the previous quarter. The BCI has been on an uptrend since the last two
quarters owing to an improvement in both the Current Situation Index and the Expectation Index.
The respondents in the survey were asked to provide a view on the performance of their firm, sector
and the economy based on their perceptions for the previous and current quarter. The CII-BCI was
then constructed as a weighted average of the Current Situations Index (CSI) and the Expectation
Index (EI).
A comparison of the CSI and EI indicated a sharper improvement in the EI in April-June 2016 quarter
mainly owing to a stronger improvement in sentiment across all categories - economy, sector and
company.
QuarterlyBusinessConfidenceIndex(BCI)
Index
Q1FY14
Q2FY14
Q3FY14
Q4FY14
Q1FY15
Q2FY15
Q3FY15
Q4FY15
Q1FY16
Q2FY16
Q3FY16
Q4FY16
Q1FY17
Business Confidence Index 51.2 45.7 54.9 49.9 53.7 57.4 56.2 56.4 54.4 53.4 53.9 54.1 57.2
Current Situation Index 48.7 46.1 51 47.3 50.1 51.4 53.5 53.5 52.2 49.3 50.7 50.7 52.3
Overall Economy 44.5 35.1 41.6 40.4 46.8 51.2 55 54.3 54.8 48.6 50.2 52.0 54.9
Own Activity Sector 46.1 43.9 47.7 44 46.8 49.2 49.4 52.7 48.3 45.4 48.8 47.6 48.1
Own Company 51.7 51.3 56.3 51.9 53.4 52.9 55.8 53.8 54.0 52.1 52.2 52.3 54.2
Expectation Index 52.5 45.4 56.8 51.2 55.5 60.5 57.6 57.8 55.4 55.5 55.5 55.9 59.7
Overall Economy 49.4 37 50.1 46.1 52 59.9 59.2 58.1 57.9 54.0 56.2 57.5 60.6
Own Activity Sector 50.6 43.6 54.3 49.1 54.6 59.1 54.5 57.5 51.8 53.3 55.0 52.2 58.0
Own Company 54.7 49.5 60.7 54.3 57.3 61.6 59.1 57.9 57.1 57.5 55.5 57.8 60.4
* The Survey is conducted on a quarterly basis since the 74th Business Outlook Survey
GENERAL ECONOMIC PROSPECTS
GDP GROWTH
Majority of the respondents expect the economy to grow between 7.0-8.0%.
A significant proportion of the respondents (61 per cent) expect the domestic economy to record 7.0-
8.0% growth in 2016-17, of which a major share (36 per cent) expect GDP growth to lie above 7.5%
while 25 per cent feel that the economy may slow down from the previous financial year and grow
between 7.0-7.5%.
2
4. 95TH BUSINESS OUTLOOK SURVEY
Confederation of Indian Industry
<4%
5%
4.0-5.0%
39%
5.0-6.0%
39%
6.0-7.0%
14%
>7.0
3%
Expected CPI Inflation in 2016-17
(% of Respondents)
INFLATION
More than three quarter of the respondents (78 per cent) expect inflation to lie in the 4.0-6.0% range.
Despite the recent uptick in inflationary pressures, a significant share of the respondents (78 per cent)
expect the CPI inflation to hover around 5% in 2016-17, in line with the RBI’s expectation for the
financial year. So far this year, price pressures have been on the rise due to increasing food and fuel
costs and in expectation of the salary and wage increase of central government employees under the 7th
Pay Commission. However, a normal monsoon may provide some relief from food inflation in the latter
half of the year.
3
<5.5%
1% 5.5 - 6.0 %
7%
6.0 - 6.5%
11%
6.5 - 7.0%
14%
7.0 - 7.5%
25%
7.5-8.0%
36%
>8.0
6%
Expected GDP Growth Rate in 2016-17
(% of Respondents)
5. 95TH BUSINESS OUTLOOK SURVEY
Confederation of Indian Industry
POLICY RATES
Nearly two thirds of the respondents (64 per cent) expect another cut in policy rate by the central
bank.
Majority of the respondents (64 per cent) are optimistic about a cut in interest rate by the RBI in order
to support the domestic economy while the global environment continues to remain challenging. The
remaining 36 per cent of the respondents feel that the central bank will adopt a cautious approach and
may not engage in any further rate cuts in 2016-17.
CORPORATE RECOVERY
Large proportion of the respondents (43 per cent) attribute the recovery in corporate sector to
increased government spending.
A major share of the respondents (43 per cent) feel that the turnaround in corporate sector earnings in
Q4 FY 2015-16 was mainly owing to the increased government spending. Closely enough 41 per cent of
the respondents attribute this recovery to increased consumption demand (private consumption
expenditure).
4
Rate cut
likely in FY
2016-17
64%
No more
rate cuts this
fiscal
36%
Expectation of a cut in Policy rates by RBI
(% of Respondents)
6. 95TH BUSINESS OUTLOOK SURVEY
Confederation of Indian Industry
PRIVATE INVESTMENT CYCLE
Major share of the respondents (40 per cent) feel that a turnaround in the global economy will help
jumpstart private investment cycle.
Despite the various attempts by the government, the investment cycle is yet to recover and had slowed
down further in 2015-16. Private sector investment continues to crawl and stalled projects remain high
in Q1 FY 2016-17, as companies continue to postpone new investments on global economic uncertainty,
unforthcoming demand, lack of regulatory clearances and inadequate supply of inputs. In this context, a
majority of the respondents (40 per cent) feel that a recovery in the global economy would be helpful in
kick starting the private investment cycle. Additionally, a big share of the respondents (37 per cent) feel
that an upturn in the consumption cycle can also help in boosting private investment.
GENERAL BUSINESS PROSPECTS
5
Decline in
interest rates
17%
Turnaround
in global
economy
40%
Consumptio
n cycle
upturn
37%
Any other
6%
Ways to jumpstart the Private Investment cycle
(% of Respondents)
Increased
government spending
43%
Increased Private
consumption
expenditure
41%
Any other
16%
Factors responsible for Corporate turnaround
(% of Respondents)
7. 95TH BUSINESS OUTLOOK SURVEY
Confederation of Indian Industry
CAPACITY UTILISATION
Close to half of the respondents (47 per cent) expect capacity utilization to improve to 75-100% level
in Apr-Jun 2016 quarter.
Largest share of the respondents (47 per cent) expect that capacity utilization would stand in the range
of 75-100% in Apr-Jun 2016 quarter as compared to 32 per cent of the respondents who witnessed the
same in the previous quarter (Jan-Mar 2016). The expectation of an improvement in capacity utilization
in the Apr-Jun 2016 quarter comes despite the fact that a major share of the respondents (39 per cent)
recorded the actual level of capacity utilization in the 50-75% level in Jan-Mar 2016.
INVESTMENT PLANS
Majority of the firms expect no change in their domestic and international investment plans in Apr-
Jun 2016.
Half of the firms expect to maintain status quo on their plans about investing in the domestic economy
in Apr-Jun 2016 quarter. On the international front as well, a significant proportion of firms (60.5 per
cent) expect to keep their investment plans unchanged in Apr-Jun quarter.
Firms are keeping investment plans on hold despite the expectation of an improvement in sales and new
orders in the Apr-Jun 2016 quarter owing to the existing excess capacity in the economy
24
39
32
5
11
37
47
5
Below 50% 50-75% 75-100% > 100 %
Capacity Utilisation ( % of Respondents)
Actual (Jan-Mar 2016) Expected (Apr-Jun 2016)
Investment Plans for Apr-Jun 2016 (% of Respondents)
A 2014
7.7
42.7
49.7
14.9
24.6
60.5
Decline Increase No change Decline Increase No change
Domestic Investments International Investments
6
8. 95TH BUSINESS OUTLOOK SURVEY
Confederation of Indian Industry
OVERALL TRENDS
OVERALL SALES & NEW ORDERS
Close to two thirds of the respondents expect an improvement in sales and new orders in the Apr-Jun
2016 quarter.
Firms seem to be upbeat about their sales and new order projections for the Apr-Jun 2016 quarter with
61 per cent of the respondents expecting an increase in sales, while only 42% of the respondents
experienced the same in the previous quarter. On similar lines, nearly two thirds of the respondents (65
per cent) anticipate an increase in new orders in the Apr-Jun quarter as compared to 40 per cent who
witnessed the same in the preceding quarter.
Expectations of increase in sales and new orders this quarter have been based on a majority of
respondents witnessing the uptrend in the same in Jan-Mar 2016 quarter.
EXPENDITURE
20
42
38
18
40 41
8
61
31
12
65
23
Decline Increase No change Decline Increase No change
Sales Count of New Orders
Actual (Jan-Mar 2016) Expected (Apr-Jun 2016)
7
Overall Sales & New orders
(% of Respondents)
9. 95TH BUSINESS OUTLOOK SURVEY
Confederation of Indian Industry
While an almost equal share of respondents expect the cost of raw materials and fuel to either
increase or remain unchanged in Apr-Jun 2016, a significant majority anticipates an increase in wages
and salaries and unchanged credit cost in the said quarter.
The recent increase in global commodity prices seems to have made the respondents unsure about their
expectations of raw material and fuel costs in Apr-Jun 2016 quarter. Around 47 per cent of the
respondents expect the raw material cost to remain unchanged in Apr-Jun 2016 and an almost equal
share of respondents (46 per cent) expect their cost the increase. Similarly, about 48 per cent of the
respondents anticipate status quo on fuel costs, however an equally large proportion of respondents (46
per cent) expect an increase in the same.
Nonetheless, there is a clear majority of respondents who feel that credit cost will remain unchanged
(60.3 per cent) while wages and salaries may increase (63 per cent) in Apr-Jun 2016.
PROFITS AFTER TAX
Close to 50 per cent of the respondents anticipate an increase in after tax profits in Apr-Jun 2016.
Profit expectations have improved significantly for the Apr-Jun quarter with a majority of the
respondents (48.7) expecting an increase in profits after tax as compared to 29.2 per cent who
witnessed the same in the previous quarter. The respondents seem upbeat about their profit
expectation for Apr-Jun 2016 quarter despite the fact that a large share of respondents (36.9 per cent)
experienced a decline in after tax profits in the previous quarter.
11.8 7.1 4.5 7.0
1.9 3.4 6.1 6.4
41.4 46.1 47.4 45.5
62.6 63.0
43.2
33.3
46.7 46.8 48.1 47.6
35.5 33.6
50.7
60.3
Actual (Jan-
Mar 2016)
Expected
(Apr-Jun
2016)
Actual (Jan-
Mar 2016)
Expected
(Apr-Jun
2016)
Actual (Jan-
Mar 2016)
Expected
(Apr-Jun
2016)
Actual (Jan-
Mar 2016)
Expected
(Apr-Jun
2016)
Total Raw Material Cost Electricity and Fuel Cost Wages and Salaries Cost of Credit
Decline Increase No change
Input Costs
(% of Respondents)
Profits after Tax
(% of Respondents)
10. 95TH BUSINESS OUTLOOK SURVEY
Confederation of Indian Industry
EXPORT AND IMPORT TRENDS
Majority of the respondents expect no significant change in external trade in Q1 FY17.
Major share of the respondents expect status quo on the external trade situation. More than half the
respondents expect no change in their export orders in Apr-Jun 2016 while nearly two thirds of the
respondents (63.9 per cent) anticipate the same for their import orders.
However, there has been an improvement in the proportion of respondents anticipating an increase in
external trade versus those who actually witnessed the same in the previous quarter.
BUSINESS CONCERNS
Low domestic demand and fragile global economic recovery emerge as the top concerns this quarter.
36.9
29.2
33.9
18.6
48.7
32.7
Decline Increase No change
Actual (Jan-Mar 2016) Expected (Apr-Jun 2016)
18.9
27.3
53.8
16.0
20.8
63.2
7.4
41.3
51.2
9.2
26.9
63.9
Decline Increase No change Decline Increase No change
Exports Imports
Actual (Jan-Mar 2016) Expected (Apr-Jun 2016)
Exports and Imports
(% of Respondents)
Top-most Concern
(% of Respondents)
98
11. 95TH BUSINESS OUTLOOK SURVEY
Confederation of Indian Industry
COVERAGE & METHODOLOGY
CII’s 95th
Business Outlook Survey is based on sample survey of firms covering all industry sectors,
including micro, small, medium and large enterprises from different regions. The survey also
enumerated responses across industry groups both in public and private sectors engaged in
manufacturing and services sector.
The survey was conducted from April-June 2016, covering more than 200 firms of varying sizes. Majority
of the respondents (44 per cent) belonged to small-scale and micro firms, while 42 per cent were from
large-scale firms and about 14 per cent were from medium-scale firms. Sectoral break up shows that 62
per cent of the respondents were from manufacturing sector while 32 per cent were from services
sector and 6 per cent from primary sector, respectively.
CII-BCI is calculated as a weighted average of the Current Situation Index (CSI) and the Expectation Index
(EI), with greater weight given to EI as compared to CSI. These indices are based on questions pertaining
to performance of the economy and respondent’s firm. Respondents are asked to rate the current and
expected performance on a scale of 0 to 100. A score above 50 indicates positive confidence while a
score above 75 would indicate strong positive confidence. On the contrary, a score of less than 50
indicates a weak confidence index.
35
25
24
13
3
Low domestic demand
Fragile global economic recovery
Lack of political consensus on economic
reforms
High borrowing cost
Upward risk to food inflation
10
12. 95TH BUSINESS OUTLOOK SURVEY
Confederation of Indian Industry
Reach us via our Membership Helpline: 00-91-11-435046244/ 00-91-99104 46244
CII Helpline Toll free No: 1800-103-1244
The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the
development of India, partnering industry, Government, and civil society, through advisory and consultative
processes.
CII is a non-government, not-for-profit, industry-led and industry-managed organization, playing a proactive role in
India's development process. Founded in 1905, India's premier business association has over 7200 members, from
the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 100,000
enterprises from around 242 national and regional sectoral industry bodies.
CII charts change by working closely with Government on policy issues, interfacing with thought leaders, and
enhancing efficiency, competitiveness and business opportunities for industry through a range of specialized
services and strategic global linkages. It also provides a platform for consensus-building and networking on key
issues.
Extending its agenda beyond business, CII assists industry to identify and execute corporate citizenship
programmes. Partnerships with civil society organizations carry forward corporate initiatives for integrated and
inclusive development across diverse domains including affirmative action, healthcare, education, livelihood,
diversity management, skill development, empowerment of women, and water, to name a few.
The CII theme of ‘Accelerating Growth, Creating Employment’ for 2014-15 aims to strengthen a growth process
that meets the aspirations of today’s India. During the year, CII will specially focus on economic growth, education,
skill development, manufacturing, investments, ease of doing business, export competitiveness, legal and
regulatory architecture, labour law reforms and entrepreneurship as growth enablers.
With 64 offices, including 9 Centres of Excellence, in India, and 7 overseas offices in Australia, China, Egypt, France,
Singapore, UK, and USA, as well as institutional partnerships with 312 counterpart organizations in 106 countries,
CII serves as a reference point for Indian industry and the international business community.
Confederation of Indian Industry
The Mantosh Sondhi Centre
23, Institutional Area, Lodi Road, New Delhi – 110 003 (India)
T: 91 11 45771000 / 24629994-7 • F: 91 11 24626149
E: info@cii.in • W: www.cii.in
Follow us on :
facebook.com/followcii twitter.com/followcii www.mycii.in
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