Pointing out a decline in overall business confidence, industry body Assocham said corporates which are braving negative perception may not be able to hold on bottomelines unless "good signals" emerge on the policy front.
It said that while corporates braved a negative perception about the economy and managed to hold on to growth both in net profits and total income in June quarter of 2012-13, future is uncertain.
"While it goes to the credit of corporate India to hold on their bottomline, though at a lower pace, it would be risky to assume that they will manage to do well in the future as headwinds are growing stronger," Assocham President Rajkumar Dhoot said.
He said a recent analysis showed the overall business confidence has slipped in the last six months. "Things may improve somewhat if good signals emerge from the government and the US,"
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