Similarly, the share of firms expecting ‘financial position of the firms will improve in next six months’ went up from 49.5 per cent in 2023-24:Q3 to 60.6 per cent in 2023-24:Q4 (Figure 1.2A). [...] Compared to 52.1 per cent of firms in 2023-24:Q3, 66.1 per cent of firms in 2023-24:Q4 have responded that they expect pre-tax profits to rise in the next six months. [...] As against 22.6 per cent firms in 2023-24:Q3, 30.6 per cent of firms responded in 2023-24:Q4 that they plan to increase hiring of managerial/skilled workers over the next six months. [...] As against 28.3 per cent of firms in 2023-24:Q3, 30.5 per cent of firms in 2023-24:Q4 have responded that they plan to increase hiring of casual wage/temporary workers over the next six months. [...] Against 44 per cent of firms in 2023-24:Q3, 47.5 per cent of firms perceived that per unit costs of raw materials will increase in 2023–24:Q4.
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Table of Contents
- Business Confidence 2
- The overall business sentiment as measured by the Business Confidence Index rose from 127.6 in the third quarter of 202324 to 138.2 in the fourth quarter of 2023 24. Figure 1.1. 2
- While business sentiments have improved in 202324Q4 compared to the third quarter of 202324 they are muted compared to 202223Q4 149.7. 2
- Figure 1.1 Business Confidence Index 2
- 2021-22Q1 to 2023-24Q4 2
- The positive optimism is driven by the following factors. 3
- Figure 1.2A Buoyant future sentiments over the next 3
- Figure 1.2B Present Business are 3
- Sentiments 3
- Optimistic 3
- 2. Business Prospects 4
- Employment 4
- Unit costs of Raw Materials Electricity and Labour 5
- A majority of firms expected no changes in the unit costs of electricity and labour in 202324Q4 Figure 1.5. 5
- 1.4A Expectations about Employment over Next Six 5
- Months 5
- 1.5 Expectations of Unit Costs of Raw Material 5
- Electricity and Labour over Next Six Months 5
- 1.4B Expectations about Wage 5
- Rates over Next Six Months 5
