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India's Business Confidence Hits 5-Quarter High
18 Jan
Summary
- Business Confidence Index rose to 66.5 in Q3 FY26.
- Domestic demand drives growth, with 72% expecting further rise.
- CII proposes Rs 150-lakh crore National Infrastructure Pipeline 2.0.
India's Business Confidence Index (BCI) has climbed to a five-quarter high of 66.5 in Q3 FY26, signaling robust optimism among firms regarding demand, profitability, and investment conditions. Domestic demand remains the primary engine, with a significant majority of companies experiencing increased demand and anticipating further growth in the coming quarters, partly due to recent GST rate adjustments and festive spending.
The Confederation of Indian Industry (CII) has outlined key proposals for the upcoming Union Budget 2026-27, including the launch of a revitalized Rs 150-lakh crore National Infrastructure Pipeline 2.0. The focus will be on shovel-ready, revenue-generating projects and streamlined dispute resolution to accelerate infrastructure development and attract private investment.
Furthermore, CII advocates for strategic funding mechanisms, such as an India Development and Strategic Fund (IDSF), to mobilize institutional and foreign capital for domestic priorities and strategic overseas ventures. Proposals also include a Rs 1,000-crore Digitisation Fund and the establishment of 10 Centres of Advanced Learning and Research to foster innovation in frontier domains.
