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'HIGH GLOBAL UNCERTAINTIES' Biz sentiments moderate in 2nd quarter FY26: NCAER survey
Millennium Post Delhi
|New Delhi 28October2025
NEW DELHI: Business sentiments in India moderated in the second quarter of the current fiscal year, following three consecutive quarters of improvement, amid high global uncertainties, including additional US tariffs, according to the latest Business Expectations Survey of economic think tank NCAER.
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The National Council of Applied Economic Research (NCAER), in a statement, said the quarter was also marked by GST reforms and a reduction in tax rates, whose effects are expected to be felt over the remaining two quarters.
“The Business Confidence Index (BCI) moderated to 142.6 in the second quarter of 2025-26 from 149.4 in the first, though it was higher than the corresponding Q2 of 2024-25 (134.3)? it added.
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