India Inc expects better days ahead six months from now in terms of growth in sales, profitability in sync with an uptick in the big macro picture, though fresh investment by the private sector is still far off thanks to continuous under-utilisation of capacities, the latest round of ASSOCHAM Bizcon Survey has pointed out.

As many as 65.5  per cent of the companies covered under the June series of the prestigious ASSOCHAM Bizcon said they expect the macroeconomic parameters to look up by December 2016.

Along with it, an equal percentage of the firms across different sectors said the performance at the industry level would also pick up with a consequence that there would be better sales realization and improvement in the profitability.

"Net-net, the latest Bizcon Survey tells us how things would look up in the next six months, mainly on the back of uptick in consumer demand helped by good Monsoon. If consumer prices ease after the Monsoon play out, we can even hope for the interest rates to moderate. Fortunately, crude oil prices continue to remain muted despite threats of a rebound earlier," ASSOCHAM Secretary General D.S. Rawat said.

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