An industrial survey has recently concluded that dealing with a majority of problems has lowered the business confidence in India to such a big extent that figures stroked two-year low.

Survey has blamed certain big problems like high interest rates, frustrating governance issues, land acquisition matters and eroding pricing power in an inflationary environment, to be the biggest causes to plunge the confidence of the businesses in India to a two-year low.

Conducted by Federation of Indian Chambers of Commerce and Industry (FICCI), the survey showed that majority of businesses in India is nervous regarding economy performance and also where corporate sector moves or stays in next six months.

FICCI while announcing about the results of the survey also highlighted that the best way to boost the lost confidence of Indian businesses, it has become important for the government to improve governance and ensure that the policies are implemented quickly and so the fast-track project are cleared speedily.

"The flagging of business confidence in India should be a matter of concern for policymakers as falling confidence levels of India Inc can take a toll on investments and other business plans and which could undermine our economic growth", according to FICCI, which conducted the survey.