SEAnews 2017-05-20 ArtNo.46009

【New Delhi】With companies being optimistic that economic activities will gather pace this year, the Confederation of Indian Industry (CII) Business Confidence Index soared to an all-time high in the January-March quarter.
　“A sharp uptick in business outlook, at the onset of 2017, underpins the hope that the reform initiatives of the government would unravel a host of investment opportunities for firms, going forward,” CII said on the surge in the index. The significant rise in the index this quarter could be attributed to distinct improvement in the Expectations Index. There is also a marginal uptick in the Current Situation Index, indicating business sentiment is strong and firms are particularly upbeat about activity in their sectors in the future, the body observed.
○Manufacturing sees slight decline: Ficci

【New Delhi】An industry survey conducted by the Federation of Indian Chambers of Commerce and Industry (Ficci) indicated a slight decline in India’s manufacturing in the January-March quarter.
　Increased cost of production due to rise in minimum wages and raw material cost is likely to impact manufacturing, said the Ficci survey. Ficci’s latest quarterly survey assessed the expectations of manufacturers for the fourth quarter (January-March 2016-17), for 12 major sectors namely auto, capital goods, cement and ceramics, chemicals, electronics and electricals, food products, leather and footwear, machine tools, metal and metal products, paper products, textiles and technical textiles, and textiles machinery.
○Income disparity in India is worse than in BRICS peers, says IMF

【New Delhi】The regional disparity in India in terms of per capita income is the worst among the BRICS grouping, according to a report by the International Monetary Fund (IMF).
　Real per capita incomes in India are 10 times higher in the richest than in the poorest province, followed by seven times in Russia, roughly four times in Brazil and China and two-and-a-half times in South Africa. This suggests the world’s fastest-growing major economy has witnessed uneven growth across states, leading to the disparity in the income levels.
【News source】

Biz confidence hits record high with cos upbeat on economy: CII

Manufacturing sees slight decline: Ficci

Per capita income in India: Disparity here is worse than in BRICS peers, says IMF

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