According to a survey by the Confederation of Indian Industry (CII), India’s business confidence has bettered and most of companies across the country anticipate the financial development to be more than 7%.

The survey said, “Business Confidence Index for April-September 2010-11 improved by 1.5 points to 67.6 as compared to a 7.4 point increase during the second half of 2009-10.”

The review, based on a big sample of 458 companies, disclosed that around 60%of the respondents anticipate GDP growth for the existing financial year to range between 7.5-8.5%, and 28% think it to be in the range of 8-8.5%.

Approximately 90% of the respondents anticipate inflationary figures to be higher than 5%in 2010-11, whereas 26%expect it to be above 8%.

The survey statement said, “With headline inflation nearing double digits, inflation is mentioned as one of the top concerns for the business community.”

According to 79%of the responders, production is likely to augment in the next six months on account of projected increase in new orders.

Around 81%of the respondents anticipate new orders to rise by the next six months as against 62%who disclosed that new orders had surged during the second half of 2009-10.

Companies will also consider investing more in 2010-11 as the survey discovered that 73%of the respondents plan to boost investments in the next six months.

On exports, 66% of the responders showed buoyancy that exports would augment in the next six months. But, procedural interruptions continue to bog exporters with 91% of the respondents saying that the delays have not reduced. (With Inputs from Agencies)