India Business Confidence  Forecast


India Business Confidence
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Business Confidence in India is expected to be 56.00 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 56.50 in 12 months time. In the long-term, the India Business Confidence is projected to trend around 59.00 in 2020, according to our econometric models.


India Business Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 64.1 56 56.8 55.9 56.5 59
Manufacturing PMI 52.6 52 52.8 51.5 51.8 51.2
Services PMI 48.5 51 51.9 52 51 51.9
Industrial Production 2.2 3.4 3.2 2.9 3.9 6.5
Industrial Production Mom -1.1 -0.27 0.46 0.66 0.67 0.87
Manufacturing Production 2.5 2.7 3.5 3.4 5.21 5.6
Changes in Inventories 770 757 744 734 722 633
Car Production 256336 243826 245318 243726 242974 234146
Car Registrations 241856 252739 258087 254945 255169 246979
Internet Speed 6492 8727 8654 9079 10309 12339
IP Addresses 9378846 9299370 9274399 9221603 9152764 8729667
Mining Production 0.2 4.3 3.9 5.9 2.5 2.1
Steel Production 8629 8491 8468 8456 8450 8403
Cement Production 23615 23314 22937 22483 22068 19765
Competitiveness Index 4.59 4.52 4.61 4.61 4.61 5.51
Competitiveness Rank 40 39 42 44 44 51
Composite Pmi 50.3 52.9 53 51.4 51.56 51.6
Corruption Index 40 38 39 39 39 42
Corruption Rank 79 76 78 78 77 72
Ease of Doing Business 100 129 128 128 128 126