India Inc. is confident of better business prospects in the current financial year. After a global economic slowdown and recession now the market has shown some sign of recovery. The economic downturn has hit the Indian companies harshly.

Some of them have presented very poor performance during this period of time. But now these companies are looking forward to produce some good results in this year 2010.

Basically they are very much anxious about the first half of the year. Although there are several other issues like inflationary pressures in the country and global economic instability, but they are anticipating a good stand this year. This has been found out in a recent survey by the industry body CII.

The bi-annual survey has reported that the business confidence level of the industry has grown up to 1.5 point. The Business Confidence Index (BCI) of the Indian companies has reached 67.6 levels now. That means now the companies are more confident than the preceding year. Although it is a moderate hike but it is on a high base.