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Quarterly Business Expectations Survey

NCAER has been tracking the business confidence of Indian firms through a quarterly Business Expectations Survey since 1991. The survey provides an assessment of the present conditions and short-term prospects for India’s business environment based on responses from more than 500 companies in six metropolitan cities in India. The survey includes information on firm characteristics, firm expectations of change in input and output costs, their labour employment and wage situations, inventories, prospects for sales, exports and imports and profits. All this data are collated to form the final index using four parameters: overall economic conditions, investment climate, financial position of the firm and capacity utilisation. The survey also captures business confidence in India’s political management of economic policies through the Political Confidence Index (PCI). 


For further information on the Business Expectations Survey, please contact Dr Bornali Bhandari.

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Bornali Bhandari

Bornali Bhandari is a Fellow at NCAER with a background in international economics and macroeconomics, specifically focussing on the impact of globalisation on development. Currently she is working on analysing the shortcomings of the Indian FDI statistical system. Her wider research interests include analysis of infrastructure, particularly the roads and ICT sectors, G-20 issues like climate change, finance and reserve currency and trade-related issues.  She is also co-ordinating NCAER’s macro publications –the Quarterly Review of the Economy and Macrotrack

Ajaya Kumar Sahu

Ajaya Kumar Sahu is a Research Analyst at NCAER. His expertise lies in conducting primary survey that involves sampling and weight calculations, handling large scale data like NSSO employment and consumption data as well as ASI data. Further, he works on poverty analysis, and issues related to agriculture and rural development areas.   He completed his M. Phil in Economics from Jawaharlal Nehru University, New Delhi, and is presently pursuing his Ph. D in Economics from Jamia Milia Islamia. He cleared the National Eligibility Test (NET) with the Junior Research Fellowship, conducted by the UGC.