Ncaer

Business confidence has recovered from the lows of the pre-pandemic (201920) and the following two pandemic years, though sentiments continued to soften sequentially in the three quarters of the current fiscal, economic think-tank NCAER said. The NCAER-NSE Business Confidence Index (BCI) was higher at 126.6 in the third quarter of 202223 than the year-ago's level of 124.4. "However, sentiments continued to soften sequentially in the first, second and third quarters of 202223," it said. The National Council of Applied Economic Research (NCAER) further said sentiments relating to macro conditions remained relatively buoyant in the third quarter of 202223 as compared to the second. The share of positive responses increased for the component overall economic conditions will improve in the next six months' and remained unchanged for the component present investment climate is positive'. In contrast, sentiments pertaining to firms' own conditions softened between the two quarters for th

He said that the way the oil price cap is being discussed has encouraged oil and gas traders to stock up on volumes, creating unintended consequences

He added that India needs to refocus on other areas, pointing to the need to expand the money spent on green technology

Earlier, it was at 142.9 in the fourth quarter of 2021-22. It was 117.4 in the corresponding quarter last year

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It is important to remember that growth had been slowing for five consecutive quarters before 2019-20

The business confidence has remained buoyant in the third quarter of the current financial year, said economic think-tank NCAER.

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

The economy is expected to grow around 10% during the current financial year on the likelihood of fewer Covid-linked supply disruptions and buoyancy in the global economy, said NCAER's Poonam Gupta

Somanathan said that a dose of carefully calibrated tariff protection for select sectors showing potential may be desirable

Succeeds Shekhar Shah who has led NCAER since 2011 and will complete his second five year term in early May

Ladakh, J&K, Sikkim and a few other North-Eastern states have a long way forward

Even as NPS has a robust architecture, there is a gap between demand and supply side in the Indian pensions market, NCAER said in a release on Thursday, citing the key takeaways from the discussion

Indicating signs of improvement, think-tank NCAER on Monday said its Business Confidence Index (BCI) rose 41.1 per cent in the July-September 2020 period

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All the remaining three quarters of 2020-21 were projected to witness a fall in the gross domestic product (GDP), NCAER said

It fell 62 per cent in the June 2020 quarter on a year-on-year (y-o-y) basis, according to a survey by the National Council of Applied Economic Research (NCAER)

There was change in occupation profile during lockdown; the proportion of salaried persons fell sharply in UP