The Business Expectations Index (BEI) in India rose to 116.2 in the fourth quarter of 2018-19 fiscal year from 115 in the previous three-month period, pointing to optimism on the outlook about demand conditions. There were improvements in expectations regarding overall business situation (36.7 vs 36.3 in Q3 2018-19); production (36.3 vs 32.5); order books (32.5 vs 28.9); profit margins (2 vs 0.1); exports (19.8 vs 15.9); and capacity utilisation (23.8 vs 21). Meanwhile, the sub-index measuring employment outlook fell to 12.2 from 12.9. Business Confidence in India averaged 117.86 Index Points from 2000 until 2019, reaching an all time high of 127.50 Index Points in the second quarter of 2007 and a record low of 96.40 Index Points in the second quarter of 2009.
Business Confidence in India is expected to be 116.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in India to stand at 114.00 in 12 months time. In the long-term, the India Business Expectations Index (BEI) is projected to trend around 111.00 Index Points in 2020, according to our econometric models.