India Business Confidence - Forecast

Business Confidence in India is expected to be 56.80 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 57.00 in 12 months time. In the long-term, the India Business Confidence is projected to trend around 59.00 Index Points in 2020, according to our econometric models.


India Business Confidence
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India Business Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Business Confidence 59.7 56.8 55.9 56.5 57 59
Manufacturing PMI 52.4 52.8 51.5 51.8 52.1 51.2
Services PMI 51.7 51.9 52 51 52.1 51.9
Industrial Production 7.1 3.2 2.9 3.9 4.1 6.5
Industrial Production Mom 3.3 0.29 0.18 0.43 0.59 0.87
Manufacturing Production 8.4 3.5 3.4 7.88 4.1 5.6
Changes in Inventories 770 744 734 722 710 603
Car Production 251810 251720 232219 240587 234480 224849
Car Registrations 243316 242890 237674 238062 236599 226304
Internet Speed 6492 8654 9079 10309 10536 12592
IP Addresses 9378846 9274399 9221603 9152764 9095799 8729667
Mining Production 1.2 3.9 5.9 2.5 2.8 2.1
Steel Production 8796 8640 8631 8630 8625 8563
Cement Production 26317 26030 25364 24750 24201 20304
Competitiveness Index 4.59 4.61 4.61 4.61 4.61 5.51
Competitiveness Rank 40 42 44 44 44 51
Composite Pmi 52.5 53 51.4 51.53 53 51.6
Corruption Index 40 38 39 39 40 42
Corruption Rank 79 75 76 78 74 72
Ease of Doing Business 100 128 128 128 128 126