Quarterly Business Expectations Survey

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 is 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).

A Press Note on NCAER’s latest Business Expectations Survey for 2022–23:Q1 is available for download.

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


  • 429Quarterly Business Expectations Survey

    Bornali Bhandari is a Professor at NCAER with a background in international economics and macroeconomics, specifically focusing on the impact of globalisation on development. Currently, she is engaged in a number of industry studies including automobiles, farm mechanisation, and digitisation. Her wider research interests include analysis of skilling from a 3-E perspective (education, employability and...   Read More

  • 2165Quarterly Business Expectations Survey

    Ajaya Kumar Sahu is an Associate Fellow at NCAER. He is an Agricultural Economist by training. During his stay at the NCAER, he has worked on areas like poverty analysis, issues related to agriculture and rural development, labour and employment with special reference to quality of jobs and skills, public finance and analysis of price dynamics. ...   Read More

  • 2167Quarterly Business Expectations Survey

    K.  Subbaraje Urs is an Associate Fellow at NCAER, with more than 34 years of experience in applied economic research, socio-economic and industrial research. His core areas of research are large-scale surveys, particularly in developing the survey instrument, calculating the sample size, and identifying gaps in primary and secondary data. He has worked on both...   Read More