Business confidence in India continued to improve and touched a two-year high in January, according to the latest National Council of Applied Economic Research (NCAER) - MasterCard Worldwide Index of Business Confidence.
This is the lowest level of BCI in the last six quarters, the latest NCAER-MasterCard Worldwide Index of Business Confidence said.
The business confidence index stood at 145.2 points in July-September quarter of 2011 as compared to 145.3 points reported over April-June period of this year, pointing to a continuation of cautious outlook on the economy in the short term, the latest NCAER-MasterCard Worldwide Index of Business Confidence said.
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