New Delhi: The Confederation of Indian Industry (CII) business confidence index (BCI) reached an all-time high of 64.1 during the quarter of January-March 2017 as against 56.5 in the previous quarter, backed by companies being optimistic about the future economic activities and the hope that government reforms will open up various investment opportunities for companies going forward, as per CII. The rise in this index could also be due to a major improvement in the expectations index due to strong business sentiment. The BCI survey included a sample of 200 large, medium, small and micro firms, out of which 63 per cent expect increased sales, 60 per cent expect a rise in new orders, 61.8 per cent expect export orders status quo to be maintained and 65 per cent expect capacity utilisation levels to remain over 75 per cent during January-March 2017.
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