Sales, profits of Indian firms in Oct 2018 "much less than normal" compared to Sept: IIM-A

Cost levels

By A Representative
An Indian Institute of Management-Ahmedabad (IIM-A) survey has said, as of October this year, nearly 2/5ths of the firms in its sample reported that sales are ‘much less than normal’ in October 2018. "This proportion has sharply increased in this month from its average of around 30% observed during the last 4 months", the IIM-A survey says.
The survey further reveals that 47% of the firms in the sample in October 2018 indicated ‘much less than normal’ profit margins. "Proportion of firms reporting ‘normal or above normal’ profit has remained unchanged at around 30% for the last 4 months", it adds.
At the same time, the survey results show, the proportion of firms perceiving significant cost increase has slightly come down to 34% in October 2018 from 38% reported in September 2018.

Profit levels

Called Business Inflation Expectations Survey (BIES), researchers of the IIM-A's sample is based on responses from top executives of over 1600 companies, mostly in the manufacturing sector, selected from the list of companies as available with the Ministry of Corporate Affairs (MCA).
Conceptualized by Prof Abhiman Das at IIM-A, BIES provides ways to examine the amount of slack in the economy by polling a panel of business leaders about their inflation expectations in the short and medium term. This monthly survey asks questions about year-ahead cost expectations and the factors influencing price changes, such as profit, sales levels, etc.

Shrinking settlements, fading schools: The Tibetan exile crisis in India

By Tseten Lhundup* Since the 14th Dalai Lama fled to India in 1959, the Tibetan exile community in Dharamsala has established the Central Tibetan Administration (CTA) as the guardian of Tibetan culture and identity. Once admired for its democratic governance , educational system , and religious vitality , the exile community now faces an alarming demographic and institutional decline.

To Sonam Wangchuk: 'Will undertake 70 hour solidarity fast in Gujarat'

By Martin Macwan * Dear Colleague Sonam Wangchuk, I have never met you personally. I wrote a short article at the time of your arrest. Your work correctly introduces you. There is truth in your words. You have embarked on a fast, following the footsteps of Gandhiji. Your intention is to make people think. Your demand is reasonable; I believe that the resignation of a single education minister will not improve the state of education in India. However, the question you have raised is extremely important for the future generation of the marginalized. Education is the key to power, development, and progress, which empowers a citizen.

Gujarat police SOP sparks questions over communal profiling

By Shabnam Hashmi* The Gujarat government must be held accountable for what appears to be a deeply disturbing instance of state-sponsored communal profiling. Ahmedabad resident Sahal Qureshi recently shared with me an official document , which I translated with the help of AI before forwarding it to several media organisations and political leaders.

Counterview

Search This Blog