The Business Confidence Index peaked at two years in the September quarter
MUMBAI: After the second wave of Corona eased, the country's business sentiment improved to a two-year high in the second quarter of the current financial year. According to a survey conducted by the National Council of Applied Economic Research (NCAER), its Business Confidence Index (BCI) rose by 20 per cent year-on-year to 114.60 per cent in the September quarter, while it rose by 20 per cent on a quarterly basis. The BCI was 9 in the September quarter of last financial year, the survey report said. Compared to the second quarter of FY2017-20, i.e. the previous September quarter of Coro, the index for the current financial year has been 19.60 per cent higher. The NCAER Business Confidence Index stood at 104.10 per cent in the second quarter of 2012-13. In the survey conducted, the companies have expressed concern over the rising cost of raw materials.