The highest growth was recorded in intermediate goods sector followed by consumer goods non-durables. “The firm level indicators reveal expectations of improved domestic sales production imports exports and pre-tax profits in the next six months compared with the previous quarter” the study said.
According to the study both input cost and ex-factory prices are likely to increase in the next six months. However within input cost only cost of electricity per unit of output is likely to moderate.
It also said employment of all types of labour is also likely to improve in the short run along with wage rates.
NCAER survey was conducted during Assembly elections in five states. It takes into account influence of the
election process on business sentiments besides business and financial data.
National Council of Applied Economic Research
