Skip to main content

Pessimism continues to dominate India's business performance: IIM-A survey

Current costs per unit compare with this time last year: % responses
By Our Representative
An Indian Institute of Management-Ahmedabad (IIM-A) survey, based on responses of around 1,300 companies, has found that the cost perceptions data suggest some early signs of “moderation” of cost pressures amidst Covid-19 crisis.
Called Business Inflation Expectation Survey (BIES), it finds that over 53% of the firms believe that the current cost increase is 3.1% and above as compared to the same time last year. Over 37% of the firms perceive that the current cost increase is over 6%. However, one-fifth of the firms still perceive that current cost increase is over 10%.
Sales levels: % response
According to the survey, over 75% of the firms in May 2020 report that sales are much less than normal as against over 81% firms reporting in March 2020, adding, around 92% of the firms in the sample report that sales are ‘somewhat or much less than normal’ as against 93% reporting in March 2020. This proportion has remained over 70% since June 2019.
Profit margins: % response
The survey further finds that over 75% of firms in the sample in May 2020 report ‘much less than normal’ profit as against 81% in March 2020, underlining, over 92% of the firms in the sample expect ‘much less than normal or somewhat less than normal’ profit margins. It adds, this proportion has remained around 75% since June 2019 till January 2020.
BIES report concludes, the survey suggests, there is "very little change in perceptions -- pessimism continues to dominate business performance."

Comments

TRENDING

India reaches 8th of 10 stage genocide: US Muslim advocacy group raises 'alert'

By Hena Zuberi* India has reached the 8th stage of genocide with the persecution of the Muslim community. Stating this, Professor Greg Stanton, who heads Genocide Watch, declared a Genocide Emergency Alert for India today at Justice For All online briefing.

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Mayawati's 'success' depends on how BSP taps new crop of young Amdekarite leaders

By Vidya Bhushan Rawat*  Whatever be the election results in Uttar Pradesh on March 10, it is extremely important to understand: that the Bahujan Samaj Party (BSP) and its leader Mayawati have the potential to rise like a Phoenix any time.

Believe this: US' 95% of Covid cases are Omicron, India's 2%, model Gujarat's 0.43%

By Rajiv Shah  Scanning through news stories on Omicron, the new Covonavirus variant said to have been found in South Africa, I came across an interested in story, published in the New York-based network, CBS News. According to this story, published a couple of days ago, “The Omicron variant made up around 95.4% of new Covid-19 cases in the US last week, the Centers for Disease Control and Prevention said.”

Holding militant rallies across Punjab, farmers 'forced' Prime Minister to retreat to Delhi

By Harsh Thakor*  The farmers' spirit, elevated and reverberated at a boiling point in Ferozpur like a spark turning into a prairie fire, appears to be behind Prime Minister Narinder Modi having being compelled to retreat to Delhi due to a virtually boycotted pandal. Demonstrations held just ahead of Modi's visit, especially in Firozpur, seemed to have already created tremors in the belly of the ruling party.

Barbaric, inhuman attack on Odisha villagers to implement JSW project: NGO networks

Counterview Desk  A “solidarity statement" issued by three top civil society networks, Friends of the Earth India (FoE India), Delhi Solidarity Group (DSG) and the National Alliance of People’s Movements (NAPM), has asked the Odisha chief minister to ensure that the “inhumane barbaric attack on the villagers of Dhinkia, Odisha” in order to implement a corporate project.

Democratic leaders silently greeting Modi's 'increasingly autocratic' rule: HRW

Counterview Desk The Human Rights Watch (HRW)’s new “World Report 2022: Events of 2021”, claiming to “investigate abuses, expose facts widely, and pressure those with power to respect rights and secure justice”, has identified India as one of the countries where “autocracy is ascendant and democracy on the decline” because of emergence of leaders with autocratic tendencies.

India's actual Covid death rate about 2500 per million, third highest in world: Study

By Rajiv Shah  There is now well-researched proof, if it can be called that, indicating that the Government of India may have fudged data to show lower Covid death rate. A new paper, published in “Science”, has said that while officially the Government of India’s Covid-related death estimates as of January 1, 2022 – 345 per million population – are one-seventh of the US death rate, the actual analysis of crude death rate in India suggests, this may be a gross underestimation. 

Not-so-Catholic priest expels parishioner from church: 'Woman improperly dressed'

By Rosamma Thomas*  On Sunday, January 9, 2022, Fr Emmanuel, parish priest of the Lady of Guadalupe Church at Murikumphuzha, Pala, Kerala, sent his sacristan Joseph to ask a middle-aged woman to please wait a little after the morning mass – the priest would like to meet her. The woman waited, and the priest called her to his office room. “You know we are Malayalees,” he said, and asked her whether she knew what would follow. “No, please tell me,” she said. “You know women cover their heads in church, and dress politely,” he said. The woman, who had just returned to Kerala a few months prior after living elsewhere, had been getting her house repaired and had not yet unpacked all her clothes.

Buddhist shrines were 'massively destroyed' by Brahmanical rulers: Historian DN Jha

Nalanda mahavihara By Our Representative Prominent historian DN Jha, an expert in India's ancient and medieval past, in his new book , "Against the Grain: Notes on Identity, Intolerance and History", in a sharp critique of "Hindutva ideologues", who look at the ancient period of Indian history as "a golden age marked by social harmony, devoid of any religious violence", has said, "Demolition and desecration of rival religious establishments, and the appropriation of their idols, was not uncommon in India before the advent of Islam".