“The expected pickup in sales despite investment intentions remaining subdued indicates companies looking at rolling out unutilised capacity,” the survey said. “The companies remain cautious about undertaking fresh investments and about 46% respondents anticipated no change in investment levels,” the survey showed. About 58 per cent of the participating companies said that they foresee higher sales over the next six months. About 35 per cent of the respondents in the FICCI Business Confidence Survey for June said that they expected higher investments over the period April-September 2016, compared to 41 per cent in the previous survey. About 64 per cent of the respondents said that the demand situation was worrisome.

Source: The Hindu June 19, 2016 18:00 UTC