Business Activity Picks Up Momentum in Q2 on Higher Sales and Orders; Firms Optimistic About Growth in FY24 on Government Capex Push

Business activity gained momentum in July-Sept as per a private survey

Two-thirds of firms surveyed saw higher sales and orders in Q2

Over half expected capacity utilization between 75-100% in Q2

GST revenue grew 10% year-on-year to Rs 1.63 lakh crore in September

Most firms surveyed expect 6-7% GDP growth in FY24

Over half said government capex push will crowd in private investment