IMA’s Q4FY23 (Jan-Mar) quarterly Business Confidence and Performance Index (BCPI) survey reveals an uptick in business optimism. At 62, the headline index rose by 5 points from Q3. (On each parameter, numbers above 50 indicate net optimism, while those below 50 suggest net pessimism.) The macroeconomy index has climbed to 53.7, pulling out of ‘bear territory. The business expectations index is up 3.8 points to 65.6, and Capex intent has also improved by 2 points, rising to ~62. 
At a recent joint online session of the India CEO, CFO, CMO and CHRO Forums, we presented the headline results from the latest edition of the BCPI. This set the context for an open-house discussion among our members about their respective organisations and sectors. This podcast summarises the discussion.