Related Keywords: business confidence index, Indian textile companies, textile business in india, textile business prospects
Textile firms are looking forward to a major improvement in businesses in October to December 2014 quarter as prospects are brighter than preceding months and also being a festive season. The YarnsandFibers survey on Indian textile business confidence held in late September reveals that the Business Confidence Index (a measure of future prospect), for the quarter October to December stands at 76 as against the Current Business Status Index at 30.0 for the quarter July to September 2014. Index above 50 indicates business expansion while below 50 implies contraction of business.
