The business sentiment in the country is improving. As the second wave of Covid is apparently retreating, economic activity in India is making a comeback. The Business Confidence Index of the National Council of Applied Economic Research increased by about 80% to 117.4 in Q2FY22 from 65 in the corresponding period last year. It has also risen about 90% on a quarter-on-quarter basis. This augurs well for the future of the economy. In this regard, it is vital to develop institutional mechanisms to conduct regular macroeconomic assessments and provide policy feedback to all stakeholders. Besides improving the general understanding of the system, it would facilitate timely and logical interventions in the economy to ensure sustainable growth.
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