The share of firms expecting ‘overall economic conditions to improve in next six months’ went up from 65.8 per cent in 2023―24:Q4 to 71.2 per cent in 2024―25:Q1. [...] Similarly, the share of firms expecting their own ‘financial position of the firms will improve in next six months’ went up from 60.6 per cent in 2023―24:Q4 to 67.4 per cent in 2024―25:Q1. [...] Employment • Majority of firms continue to expect the prospects of employment in the next 6 months of both skilled and unskilled or casual and permanent workers to remain the same as in the past 3 months (Figure 1.3A). [...] As against 30.6 per cent firms in 2023―24:Q4, 32.3 per cent of firms responded in 2024―25:Q1 that they plan to increase hiring of managerial/skilled workers over the next six months. [...] As against 30.5 per cent of firms in 2023―24:Q4, 37.4 per cent of firms in 2024―25:Q1 responded that they plan to increase hiring of casual wage/temporary workers over the next six months.
Authors
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- 5
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- India
Table of Contents
- Business Confidence 2
- The share of firms expecting overall economic conditions to improve in 2
- Firms perception about the improvement in their own financial position is 3
- 2. Business Prospects 3
- A larger share of firms in 202425Q1 compared to 202324Q4 expected that production and domestic sales will increase in the next 6 months Figure 1.2A. Sentiments about new orders also remained buoyant. 3
- 3. Employment 3
- As against 30.6 per cent firms in 202324Q4 32.3 per cent of firms responded 3
- The corresponding numbers for unskilled workers were 27.6 per cent and 34.4 3
- The corresponding numbers for permanent workers were 22.4 and 26.4 per cent 3
- 4. Unit costs of Raw Materials Electricity and Labour 4
- A majority of firms expect no changes in the unit costs of electricity and labour Figure 1.4 signalling that costs will remain muted. 4
- In case of electricity 65 per cent of firms perceived that unit costs will remain unchanged over the next six months. This had gone up from 63 per cent last quarter. 4
- In case of labour 69 per cent of firms perceived that unit costs will remain unchanged over the next six months. This has gone up from 65 per cent last quarter. 4
