India Business Confidence  Forecast


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.


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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 51.2 52 52.8 51.5 51.8 51.2
Services PMI 50.7 51 51.9 52 51 51.9
Industrial Production 4.3 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 3.1 2.7 3.5 3.4 5.21 5.6
Changes in Inventories 740 719 704 691 679 593
Car Production 256077 243826 245318 243726 242974 234146
Car Registrations 276925 252739 258087 254945 255169 246979
Cement Production 21993 20869 20442 20154 19918 18704
Competitiveness Index 4.59 4.52 4.61 4.61 4.61 5.51
Competitiveness Rank 40 39 42 44 44 51
Composite Pmi 51.1 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 130 129 128 128 128 126
Steel Production 8474 8410 8403 8397 8391 8345
Mining Production 4.8 4.3 3.9 5.9 2.5 2.1
Mni Business Sentiment 66 68 66.3 64.4 62.73 62