INSUBCONTINENT EXCLUSIVE:
Slowing economic growth, water shortage and regulatory hurdles have taken its business sentiment in June to the lowest level since 2016, a
survey by market research firm IHS Markit showed on Monday.The aggregate of private-sector companies forecasting output growth during this
government policies and a better financial flow continue to underpin optimism towards output and profitability growth in the year ahead,
said Principal Economist Pollyanna De Lima said."As such, firms plan to expand capacities by taking on additional workers, though sentiment
for all measures of expenditure are anaemic."Capital investment confidence in India is among the weakest of all countries for which
comparable data are available, ahead of only China and the UK, while optimism regarding research and development is below the average for
the last fiscal year, as Delhi cautioned of challenges in keeping fiscal deficit in check earlier this month.The country is also staring at
rain-fed.The survey also found companies were concerned about potential depreciation in the rupee pushing prices for imported materials
higher, a lack of skilled labour, likely tax hikes, financial difficulties and customers increasingly demanding discounts.The IHS Markit
reports are produced on a triannual basis, with data collected in February, June and October.A similar survey report last month by Thomson
Reuters/INSEAD showed confidence among broader Asian companies was also at a 10-year low and showed little signs of easing.Get Breaking
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