New Delhi, July 11 -- Business confidence among India's private sector companies has fallen to its lowest level in nearly three years amid global uncertainty following the Middle East conflict, according to the latest HSBC India Business Outlook survey compiled by S&P Global.

Business Optimism Falls To Three-Year Low

The survey showed the net balance of firms expecting higher business activity over the next 12 months declined to 22 percent in June from 35 percent in February, marking the weakest level of optimism since October 2023.

Businesses attributed the subdued outlook to rising input costs, weaker demand, volatile commodity prices, currency fluctuations, policy and tax uncertainty, and higher costs associated with adopting greene...