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By Dr. Arun Singh,
Dun & Bradstreet India
Business Optimism Index
Mumbai, August 4, 2020: The Dun & BradstreetComposite Business Optimism Index stands at 29.4 for Q3 2020, a decrease of 40.6% as compared to the Q2 2020 survey. All six optimism indices have registered a decline as compared to the previous quarter. The Dun & Bradstreet Composite Business Optimism Index, which has been measuring the changing business sentiment of India Inc. since 2002, is a leading indicator for India’s overall growth with a correlation co-efficient of 80% with the Gross Domestic Product (GDP).
The Dun & Bradstreet Composite Business Optimism Index stands at 29.4 for Q3 2020, a record low. The index declined by 40.6% (q-o-q) in Q3 2020
Optimism for net profits stands at 27% - a decrease of 21 percentage points as compared to Q2 2020
Optimism for new orders stands at 22% - a decrease of 2 percentage points as compared to Q2 2020
Optimism for volume of sales stands at 24% - a decrease of 20 percentage points as compared to Q2 2020