Indian economy growth momentum in Q2 of 2024-25
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Understanding economic indicators is vital for bankers to provide informed financial guidance. The latest Dun & Bradstreet Composite Business Optimism Index for Q2 2024 reveals significant trends:
Business optimism has risen by 4.2% from Q1 2024, indicating growing confidence among businesses.
Optimism regarding net profit growth is at its highest in eight quarters, suggesting favorable revenue prospects. Businesses benefitted from lower input prices, and sustaining consumer confidence.
Businesses are increasingly confident about raising selling prices, potentially signaling inflationary pressures.
Optimism surrounding inventory levels has surged by 13 percentage points, indicating improved demand dynamics.
Despite fluctuations, optimism for fresh hiring remains stable.