India: Business confidence survey
* indicates monthly or quarterly data series
The most recent value is 118.45 points as of Q4 2025, an increase compared to the previous value of 117.94 points. Historically, the average for India from Q3 2000 to Q4 2025 is 114.6 points. The minimum of 79.1 points was recorded in Q3 2020, while the maximum of 129.35 points was reached in Q4 2021.
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* indicates monthly or quarterly data series
- Measure: points
- Source: Reserve Bank of India
| Recent values | India: Business confidence survey |
|---|---|
| 2025 Q4 | 118.45 |
| 2025 Q3 | 117.94 |
| 2025 Q2 | 113.97 |
| 2025 Q1 | 114.25 |
| 2024 Q4 | 114.31 |
| 2024 Q3 | 114.97 |
| 2024 Q2 | 120.67 |
| 2024 Q1 | 122.11 |
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Definition: The business survey indicator provides information on the amount of optimism or pessimism that business managers feel about the prospects of their companies, based upon opinion surveys on developments in production, orders and stocks of finished goods and the general economic situation of the company. It can be used to monitor output growth and to anticipate turning points in economic activity.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | 0.40 | 10/2025 | percent |
| House price index | 366.01 | Q4/2025 | index points |
| Real residential property prices Y-on-Y change | 3.00 | Q4/2025 | percent |
| Business confidence survey | 118.45 | Q4/2025 | points |
| Consumer confidence | 102.37 | Q1/2026 | points |