Strangely, while the OICCI’s (Overseas Investors Chamber of Commerce and Industry’s) latest BCI (Business Confidence Index) survey shows an overall year-on-year improvement in Mar-Apr, it’s still not something to write home about. For, the nuanced picture of business sentiment during Wave 24, as it is called, shows confidence standing at negative 18 percent, marking a visible positive shift from negative 25 percent recorded earlier. And it says a lot that sectors recording the largest increases still languish deep in red; like manufacturing at negative 10 percent (from negative 19 percent), services sector at negative 18 percent (from negative 26 percent) and retail and wholesale sector at negative 31 percent (from negative 35 percent).(more)