RTTNews - The Confederation of Indian Industry (CII) has projected the Business Confidence Index at 2.4% for the first half of the current fiscal, report media. The BCI grew 2.4% from April to September 2009-10, the worst growth, says CII Director-General Chandrajit Banerjee.

As per the survey, this is the first time that the BCI has shown an increase after two successive declines. However, the participants expected a 6% growth rate during the current financial year, and doubted any deflationary trend. They estimated inflation to hover around 2%, and the economy would turn to the normal growth pattern.

The survey increase in capacity-utilization ranging above 75% and forecast an expected higher sales than the previous half year. They ruled out the possibility of decline in employment.

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