Business confidence of corporate India is now at a decade high says a survey conducted by Industry body FICCI.
Overall Business Confidence Index surged to 74.2 vs a dismal 70.2 in the previous survey. Recovery of demand outlook and rising utilisation rates helped sentiment across India Inc.
However, rising raw material costs especially commodity prices remain a big point of concern for corporate recovery going ahead. Iron ore, copper trade near decade high as global recovery picks up.