India’s Business Confidence Index (BCI) stayed strong in the fourth quarter of FY2024-25, indicating that businesses remain optimistic about the country’s economic trajectory, according to the National Council of Applied Economic Research (NCAER). The index inched up to 139.3, slightly higher than 138.4 in the previous quarter and 138.2 in the same period last year, pointing to steady economic activity, albeit at a moderated pace. In Q4, over 50% of respondents remained optimistic across all four indicators, although the responses showed mixed trends when compared to the previous quarter.