Basing its forecast on a nation-wide assessment, the Associated Chamber of Commerce and Industry of India (ASSOCHAM) said announced that prices of consumers goods are projected to go up further by the next six months.

According to a Assocham representative, more than 80% of the business leaders, who took part in the review, anticipated higher prices for their products, which comprises consumer durables, consumer non-durables, intermediate goods, capital goods and services and infrastructure, for over next six months.

Around 226 business leaders, representing firms of different sizes across varied segments, across India participated in the survey.

He said while private sectors firms remained upbeat about the price rise of their products, the public sector firms were not so optimistic about the same in near future.

"If we distinguish the responses between MSME firms and large size classes, the former have expressed greater confidence about price rise in the short-run. On the other hand, public sector respondents as compared to private sector firms have expressed weak confidence about short-term price realization for their output," he added.

Assocham said that the production of consumer durables, consumer non-durables, intermediate goods and infrastructure is approximated to rise strongly by the next six-month period.

In contrast, services and capital goods divisions have indicated relatively low growth in output.

Assocham added that the main aim of the poll was to comprehend the changing business movements and perceptions in India and raise the concerns of the business sector emphatically with the policy makers. (With Inputs from Agencies)