CII Reports Rising Business Confidence Ahead of Union Budget 2026-27

Business confidence in India rose for the third consecutive quarter in Q3 FY26, with the Confederation of Indian Industry's (CII) Business Confidence Index reaching 66.5, its highest in five quarters. This increase is driven by strong domestic demand, GST rate cuts, and festive spending, alongside optimism about profitability, investment, and hiring. CII expects continued reform momentum in the upcoming Union Budget 2026-27, recommending sustained capital expenditure, infrastructure projects, and innovation initiatives to support India's growth as the world's fastest-growing major economy amid global uncertainties.