India Business Confidence

OECD standardised business confidence indicator (long-term average = 100).

Business Confidence in India decreased to 95.43 points in Feb 2026 from 96.88 points in Jan 2026.

95.43
▼ −1.44Feb 2026 · previous 96.88Monthly · index points · Source: OECD — Organisation for Economic Co-operation and Development

India Business Confidence — History

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India Business Confidence — analysis in simple words

Latest reading

Business Confidence in India decreased to 95.43 points in Feb 2026 from 96.88 points in Jan 2026.

It has fallen in each of the last three months.

Recent trend

A year earlier (Feb 2025) it was 98.70, so the latest figure is 3.26 lower.

Over the past five years the average was 101.70, with a range from 95.43 to 105.51. The latest value is below that five-year average.

Historical context

This data series starts in May 2000 and has 310 monthly observations. The latest reading is higher than 5% of all of them.

The highest value on record is 105.51 (Jul 2021) and the lowest is 90.24 (Feb 2020). The long-run average is 100.00.

Compared with other countries

Among 45 economies with recent data, India ranks 45th from the top. The median across all these economies is 99.98, so India is below the typical country.

Among 17 major economies tracked on this site it ranks 17th.

Statistics

Latest
95.43Feb 2026
Previous
96.88
5-year average
101.70
Long-run average
100.00since May 2000
All-time high
105.51Jul 2021
All-time low
90.24Feb 2020
Observations
310Monthly

Recent Data

PeriodValueChange
Feb 202695.43▼ −1.44
Jan 202696.88▼ −1.35
Dec 202598.23▼ −1.06
Nov 202599.29▼ −0.57
Oct 202599.86▼ −0.26
Sep 2025100.12▼ −0.08
Aug 2025100.20▲ +0.05
Jul 2025100.15▲ +0.15
Jun 2025100.00▲ +0.29
May 202599.72▲ +0.45
Apr 202599.27▲ +0.43
Mar 202598.84▲ +0.15
Feb 202598.70▼ −0.35
Jan 202599.04▼ −0.57
Dec 202499.62▼ −0.45
Nov 2024100.07▼ −0.07
Oct 2024100.15▲ +0.20
Sep 202499.95▲ +0.31
Aug 202499.64▲ +0.31
Jul 202499.33▲ +0.17
Jun 202499.16▼ −0.19
May 202499.35▼ −0.75
Apr 2024100.10▼ −1.03
Mar 2024101.13▼ −0.99
Feb 2024102.12▼ −0.71
Jan 2024102.83▼ −0.51
Dec 2023103.34▼ −0.38
Nov 2023103.72▼ −0.27
Oct 2023103.99▼ −0.19
Sep 2023104.19

Business Confidence — India vs Peers

Latest available reading for each economy (periods may differ). India highlighted.

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More India indicators

GDP Annual Growth Rate8.1%Q2 2026Interest Rate5.50%Oct 2026Inflation Rate5.5%Sep 2026Unemployment Rate5.0%Sep 2026Government Debt to GDP84.3%2025Balance of Trade-$68.9B2025Current Account to GDP-0.5%2025GDP$3,956.1B2025GDP Growth Rate1.79%Q2 2026Industrial Production8.0%Aug 2026Composite Leading Indicator102.00Sep 2026
India economy overview →   Business Confidence — all countries →

Understanding Business Confidence — a simple guide

What it measures

The OECD standardised business confidence indicator, based on surveys asking companies about production, orders and stocks.

How it is calculated

Survey answers from businesses are combined and standardised by the OECD so that 100 equals the long-term average.

Simple example

A reading of 101.5 means businesses are somewhat more optimistic than their long-run norm.

▲ When it is high or rising

High confidence often comes before more investment and hiring.

▼ When it is low or falling

Low confidence often comes before cuts in production and investment.

Why it matters for the economy and markets

Confident businesses tend to invest and hire more, so this survey often moves ahead of actual production and employment data.

How to read it

100 is the long-term average. Values above 100 mean companies are more optimistic than usual; below 100, more pessimistic.

What to look at alongside it

Industrial production, PMI-type surveys and the leading indicator.

Key terms

Survey indicator
Based on opinions of managers rather than measured output.

Data source

OECD — Organisation for Economic Co-operation and Development (series OECD business confidence (BCI)), monthly data from May 2000 to Feb 2026. Values are shown exactly as published by the source and may be revised later.

How to use the chart

Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.

Frequently asked questions

What is the current business confidence of India?
India business confidence was 95.43 in Feb 2026, compared with 96.88 in the previous period, according to OECD — Organisation for Economic Co-operation and Development.
What is the highest and lowest business confidence of India?
Since May 2000, the highest reading was 105.51 (Jul 2021) and the lowest was 90.24 (Feb 2020).
What does business confidence measure?
The OECD standardised business confidence indicator, based on surveys asking companies about production, orders and stocks.

Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.