Dedicated To Mumbai
Home > Business > Biz confidence for Jan-Mar qtr fall to 31-quarter low: D&B

Biz confidence for Jan-Mar qtr fall to 31-quarter low: D&B

Wednesday, January 11, 2017

Business confidence for the January-March quarter of 2017 plunged to a 31-quarter low as severe cash crunch heightened the degree of uncertainty amongst companies and dented their optimism, says a survey. The Dun & Bradstreet Composite Business Optimism Index stood at 65.4 during the first quarter of 2017, a decrease of 23.9 per cent as compared to the January-March period of 2016.

"Business confidence for the first quarter of 2017 plunged to a 31-quarter low as India Inc grapples with disrupted demand and production following the Government's sudden decision to withdraw high-value old currency notes," said Kaushal Sampat President & Managing Director Dun & Bradstreet – India. He further said that while the move will bring long-term benefits by reducing the size of the shadow economy and enhancing tax revenues, the immediate impact has been demand destruction due to severe cash crunch, heightened degree of uncertainty amongst businesses and dented confidence.

Facebook
COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
Email:    
Comments:
 
I recently got married. We have started engaging
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You will discuss expansion plans but resolve disputes, if any, amicably. Keep your mind open to suggestions and new offers. You can look forward to gains through your work. Those of you who are in fields of communications or media will be in the limelight. Emotionally you will be feeling much more positive and secure. It will be the charms of your beloved, which keep your spirits high.
- Advertising -
Cybercriminals have hit more than 40 countries wi
Yaduvendra Mathur, Chairman and Managing Director
The year 2016 turned out to be a year of transiti
Read More