Monday, August 29, 2011

Weak business mood

Global economic uncertainties and domestic issues such as continuous tightening of monetary policy by the RBI are likely to “adversely” impact the Indian economy till December, industry body Ficci said in its Business Confidence Survey. Both global and domestic factors have dented the level of confidence of corporate houses, with the survey’s overall business confidence index touching a new 12-month low in the quarter ended June.
The Telegraph

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