India's business confidence weaker than the BRIC nations

It has been confirmed by the IHS Markit Business Outlook survey, that in the coming 12 months only a minor part i.e. 20% of Indian businesses expect growth in output. Apart from this, India's business confidence remains unchanged from Feb and it also witnessed to be much weaker than the BRIC nations. On noticing the manufacturing center, it has been concluded that the hiring intentions in June remained positive.