Skip to main content

Indian industry's sales levels, profit margins drastically go down: IIM-A survey

By Our Representative
The latest Business Inflation Expectations Survey (BIES) of the Indian Institute of Management-Ahmedabad (IIM-A) has revealed that in March 2019, nearly 3/5ths of the firms in the sample reported that sales are ‘somewhat or much less than normal’, and the proportion of firms that reported ‘much less than normal’ sales has increased sharply to 38% in March 2019.
The BIES report further said that the proportion of firms in the sample reporting ‘normal or greater than normal’ profit margins has declined further to 33% in March 2019 from 38% in February 2019, the This is primarily due to sharp increase in the proportion of firms reporting ‘much less than normal’ profit in March 2019, it added. The results are based on the responses of over 1600 companies.
The survey report also said, "One year ahead business inflation expectation, as estimated from the mean of individual probability distribution of unit cost increase, has increased to 3.68% in March 2019 from 3.55% observed in February 2019", adding, "Uncertainty of business inflation expectation in March 2019, as captured by the square root of the average variance of the individual probability distribution of unit cost increase, has remained elevated at 2.34% (same as observed in February 2019)."
Regarding cost perceptions, around 57% of the firms in March 2019 reported that increase in costs has been more than 3% (further up from 54% reported in February 2019). And the proportion of firms perceiving significant cost increase (more than 6%) in March 2019 has gone up sharply to 32% as compared to 27% in February 2019.

Comments

TRENDING

ISKCON UK 'clarifies' after virus infects devotees, 5 die due to big temple meet

By Rajiv Shah
The International Society for Krishna Consciousness (ISKCON), United Kingdom (UK), has admitted that at least 21 of its devotees were infected because of the spread of the coronavirus amongst the UK devotee community following the March 12 funeral and March 15 memorial of the Bhaktivedanta Manor temple president, in which about 1,000 people participated. Regretting that five of the devotees have passed away, the top Hindu religious in Britain body does not deny more may have been infected.

Mallika Sarabhai releases speech she was 'not allowed' to give at NID Convocation on Feb 7

Counterview Desk
The National Institute of Design (NID) in Ahmedabad, a Ministry of Commerce and Industry body, landed itself in controversy following its decision to put off its 40th convocation ceremony, where noted danseuse Mallika Sarabhai was invited as chief guest. The ceremony was scheduled to be held on February 7.

As corona virus 'travels' to rural areas, NGO begins training tribals, marginalised women

By Souparno Chatterjee*
The World Health Organization (WHO) has declared corona virus a pandemic. Originating from Wuhan in China, it has traversed the entire globe, almost, and claimed more than 16,000 lives already. That’s largely the urban population. In India, despite all the preparedness and war-like promptness to safeguard against the pandemic, several lives have been lost , and hundreds of individuals have tested positive.

Rani Laxmi Bai, Tatya Tope 'martyred' by East India Company, Scindia's forefathers

By Our Representative
In an email alert to Counterview, well-known political scientist Shamsul Islam has said that was “shameful for any political party in democratic India to keep children of Sindhias in their flock” given their role during the First War of Indian Independence (1857). In a direct commentary on Madhya Pradesh Congress leader Jyotiraditya Scindia moving over to BJP, Prof Islam has quote from a British gazetteer to prove his point.

COVID-19: Dalit rights bodies regret, no relief plan yet for SCs, STs, marginalized

By Our Representative
In a letter to Prime Minister Narendra Modi, the National Dalit Watch-National Campaign on Dalit Human Rights, endorsed* by several other Dalit rights organizations, have insisted, the Government of India should particular care of the scheduled castes and tribes, trans folks, persons with disabilities and the women and children from these communities, while fighting against COVID-19 pandemic.

Coronavirus scare ‘pushing’ people from Northeast India into more hardship

By Rishiraj Sinha, Biswanath Sinha*
“No one is born hating another person because of the colour of his skin, or his background or his religion. People learn to hate, and if they can learn to hate, they can be taught to love, for love comes more naturally to the human heart than its opposite.” – Nelson Mandela
***

Gujarat govt plan to 'banish' Gandhian activist anti-democratic, unconstitutional

By Rohit Prajapati*
The current Central and Gujarat governments, and their bureaucracy, have been and are still unable to answer and address the concerns raised, with facts, figures, and constitutional provisions, regarding the terror of tourism in the name of the Statue of Unity and tourism projects surrounding it.

Gujarat construction workers walk home as Rs 2,900 crore welfare fund lies unused

By Our Representative
Situated behind the Gujarat University, some of the families of the migrant construction workers from Dahod and Panchmahals districts of Gujarat, and a few from Rajasthan and Madhya Pradesh, who had stayed put in make-shift shanties in Ahmedabad’s sprawling GMDC Ground, have begun a long journey, by foot, back to their home villages in the eastern tribal belt of Gujarat.

Modi, Shah 'forget': Gandhi’s first Satyagraha was against citizenship law of South Africa

By Nachiketa Desai*
Hindu fanatic Nathuram Godse assassinated Mahatma Gandhi once on January 30, 1948 but his followers raising the war cry of ‘Jai Sriram’ are killing the Mahatma every day. In his home state of Gujarat, Gandhiji was killed a thousand times in 2002 when over 2,000 Muslims were butchered, their women raped, homes and shops plundered and set on fire and even unborn babies ripped out of the wombs of their mothers.