Uncertainties mar business

New Delhi, May 25 :

India’s Business Confidence Index (BCI) for the first half of 2008-09 has moderated by 5.3 points on concerns of global economic uncertainties and high interest rates, a Confederation of Indian Industry (CII) survey said.

The 69th CII Business Outlook Survey says that the BCI for April-September 2008-09 was higher among the manufacturing firms (61.4) as compared to non-manufacturing firms (60.5) engaged in provision of services.

The CII survey, however, pointed out that outlook for GDP growth is expected at 8 per cent plus and investments are expected to be on track.