78% of firms report sales are 'somewhat or much less than normal': IIM-A survey

Sales level: % response

By A Representative
The latest Business Inflation Expectations Survey (BIES) has said that while around 46% of the firms in August 2019 reported increase in costs has been more than 3%, down from 49% in July 2019 and 55% in June 2019, and the proportion of firms perceiving significant cost increase (more than 6%) declined sharply to 23% from 29% reported in July 2019, the situation has worsened insofar as sales and profits are concerned.
Thus, says the BIES report, prepared under the directions of Prof Abhiman Das of the Indian Institute of Management-Ahmedabad (IIM-A) by taking responses from over 1600 companies, “In August 2019, over three fourths of the firms (77.6%, highest ever since the inception of the survey in May 2017) in the sample reported that sales are ‘somewhat or much less than normal’. This proportion has increased significantly since June 2019.”

Profit margins: % response

It adds, “The proportion of firms in the sample reporting ‘much less than normal’ profit margins has increased further to over 54% in August 2019. It may be mentioned that this proportion had crossed 50% mark for the first time in June 2019. Overall, the profit margin scenario has further deteriorated in August 2019.”

Comments

The Nazia Elahi Khan controversy and the normalisation of hate

By Mohd. Ziyaullah Khan The registration of two FIRs in the Mumbai Metropolitan Region against BJP Minority Morcha leader and social media influencer Nazia Elahi Khan for allegedly making derogatory remarks about Prophet Muhammad is not merely another isolated controversy. It is a disturbing reminder of how hate speech and communal provocation have become increasingly normalised in contemporary India.

Khan Sir under scrutiny: How a popular teacher became a national controversy

By Mohd. Ziyaullah Khan For millions of students across India, particularly those from modest backgrounds, Khan Sir has been more than just an educator. Through affordable coaching classes and a simple, accessible teaching style, he has become a source of inspiration for many aspirants preparing for competitive examinations.

The anti-national tag: Silencing India’s water protests or admitting the truth?

By Dr. Mansee Bal Bhargava A few days ago, several women from Chandkheda, Ahmedabad, staged a protest at the Municipal Corporation office, raising concerns about the lack of water availability in their neighbourhood. These women were labelled "anti-national." This characterisation follows remarks by Nitin Gadkari , Minister of Road Transport & Highways, who recently described those who speak about India's water crisis as "anti-national." While Gadkari made this statement in reference to his ethanol project, the term has increasingly become governmental language for citizens who raise questions and objections.

Counterview

Search This Blog