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To: Prashant Buyyala who wrote (735)2/16/2000 8:05:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 1471
 
Good looking portfolio, I own a few of them myself. <eom>



To: Prashant Buyyala who wrote (735)2/16/2000 8:37:00 AM
From: Mohan Marette  Respond to of 1471
 
India Business Confidence At ""Unprecedented High""-Survey

Wednesday, February 16 3:25 PM SGT

NEW DELHI (Dow Jones)--Indian companies are at an "unprecedented high point" of confidence about the future of the economy, according to the results of a survey issued Wednesday by the Federation of Indian Chambers of Commerce and Industry.

The FICCI Business Confidence index rose 2.2 points to 27.8 points since the last survey in October 1999, the industry association said. It didn't provide figures for how many respondents or when the survey was taken however. This was the sixth such survey done by the industry association.

The industry group said confidence mainly rose as companies expected: continued low rates of inflation; the government to widen its tax net by taxing farm income and close the fiscal deficit; higher industrial growth; and more legislation liberalizing the economy.