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| CII unveils business performance report | | | Early Times Report
Jammu Nov 17: According to the CII Northern Region Business Outlook Survey the overall outlook for business is better for the current six months (October - March 2009 -10) vis-à-vis actual performance for the last six months (April –September 09).
The Survey is based on 134 responses received from industry across the UT of Chandigarh and the states of Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand. 57% of the respondents were from the manufacturing sector and 43% from the services sector. 45%of the respondents were from small organizations, 38% from medium and 17% from large organizations. 17% of the respondents were from public sector organizations and balance 83% from private sector 97% of the respondents expect GDP growth in 5% plus range as against only 85% in the previous April-September 2009-10 survey.
The survey also looked into the expectations on various elements that build up business confidence viz- Investments, Capacity Utilization, Sales, Availability and cost of credit etc. The results are encouraging with positive expectations across the spectrum.
The survey also asked the respondents about their main concerns. The average score of responses revealed that Global Economic Instability followed by Slackening Consumer Demand are the two most important concern areas. These are followed by High interest rates and Infrastructure and institutional shortages. The clear priority that these scores throw up for Government action is the need for addressing infrastructure issues after having addressed issues related to demand stimulation.
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