Question
The Confederation of Indian Industry's Business
Confidence Index (CII-BCI) rose to a three quarter high of ________ in the second quarter (July-September) of FY24 compared to 66.1 in the first quarter (April-June) on account of resilient domestic demand amid the global uncertainty.Solution
The Confederation of Indian Industry's Business Confidence Index (CII-BCI) rose to a three quarter high of 67.1 in the second quarter (July-September) of FY24 compared to 66.1 in the first quarter (April-June) on account of resilient domestic demand amid the global uncertainty. Earlier, the index stood at 67.6 in the third quarter (October - December) of FY23. The uptick noted in the index was driven by resilient domestic demand along with sustained government spending and deleverage balance sheets of corporates and banks, even as the global scenario remained gloomy.
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