The level of optimism about business environment among Indian chief financial officers (CFOs) improved for the April-June quarter as compared to the corresponding period last year, says a report.
The level of optimism about business environment among Indian chief financial officers (CFOs) improved for the April-June quarter as compared to the corresponding period last year, says a report.
According to the D&B India CFO survey, the upturn in the overall optimism level was led by the industrial sector, whose CFOs were more optimistic than services sector CFOs.
The optimism level of CFOs from the industrial sector increased by 18 per cent while for the services sector, it rose by just four per cent.
“The optimism level amongst the CFOs have improved for Q2 2016 especially in the industrial sector,” Dun & Bradstreet India director sales Arvind Raghav said.
The factors that impr-oved perception on growth include the likely boost to consumption from the implementation of the 7th Pay Com-mission recommendations, government’s fiscal policy, etc.
