The Business Expectations Index (BEI) in India fell to 113.5 in the first quarter of 2019-20 fiscal year from 116.2 in the previous three-month period, as firms anticipated softer expansion in demand, with prospect of employment holding up, while expressed muted optimism on profit margins as they see large increases in staff costs. Still, sentiment on the overall financial situation remained optimistic on expectations of easier availability of finance from internal accruals. Business Confidence in India averaged 117.80 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 115.50 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 115.00 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.