Growth Prospects For Indian Companies Higher In June

Sentiment towards growth prospects among Indian companies has brightened half-way through 2017, with most of the confidence indicators moving higher in June. Growth is anticipated to be accompanied by stronger inflationary pressures.

Firms are planning to step up output in line with forecasts of new business growth. Whereas the net balance for new work is up from +14% to +16%, it is the lowest reading of the four BRIC nations, according to IHS Markit’s report, Indian Business Outlook.

At +9% in June, up from +6%, the net balance for employment is ahead only that seen in China (+6%).

Input costs facing companies in India are expected to rise at a stronger rate than previously anticipated. Cost inflation expectations in the country are above both the BRIC (+22%) and global (+21%) averages.

Inflation rates of both input costs and output charges look set to be stronger in manufacturing than in services.

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