CII expects recovery by second half of current fiscal
The Hindu Business Line, June 9, 2009, Page 15
Our Bureau, New Delhi
The Confederation of Indian Industry (CII) said that it expects an economic turnaround and recovery to happen only by the second half of 2009-10.
In its ‘Northern Region Business Outlook Survey’, the industry chamber said that the overall outlook for business is better for the current six months (April-September 2009) as compared to the last six months (October-March 2008-09).
Based on 132 industry responses across Chandigarh, Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand, the survey also looked into the expectations on investments, capacity utilisation, sales, availability and cost of credit.
According to CII, the results were encouraging with positive expectations across the spectrum.
The main concerns for the industry, as outlined by the respondents, were slackening consumer demand, global economic instability, besides an unstable currency, which harmed exports and high interest rates.
The Hindu Business Line, June 9, 2009, Page 15
Our Bureau, New Delhi
The Confederation of Indian Industry (CII) said that it expects an economic turnaround and recovery to happen only by the second half of 2009-10.
In its ‘Northern Region Business Outlook Survey’, the industry chamber said that the overall outlook for business is better for the current six months (April-September 2009) as compared to the last six months (October-March 2008-09).
Based on 132 industry responses across Chandigarh, Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand, the survey also looked into the expectations on investments, capacity utilisation, sales, availability and cost of credit.
According to CII, the results were encouraging with positive expectations across the spectrum.
The main concerns for the industry, as outlined by the respondents, were slackening consumer demand, global economic instability, besides an unstable currency, which harmed exports and high interest rates.
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