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 A 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

Post a Comment

NOTE: Hateful, abusive comments won't be published. -- Editor

TRENDING

Neville Cardus: The man who turned cricket writing into poetry

By Harsh Thakor*  Neville Cardus was one of the most remarkable literary figures of the twentieth century. A prolific English writer and critic, he achieved distinction in two vastly different fields: cricket and classical music. Entirely self-taught, Cardus rose from humble beginnings to become both the cricket correspondent and chief music critic of The Manchester Guardian . His achievements in these contrasting disciplines earned him widespread acclaim and established him as one of the foremost critics of his generation. In February 2025, the cricketing and literary world marked the fiftieth anniversary of his death, which occurred in February 1975.
Post a Comment
»

​Ideological shifts and structural realities within India's left-wing insurgency

​By Harsh Thakor*  The Maoist insurgency in India is arguably at its weakest point since the formation of the Communist Party of India (Maoist) in 2004. Years of sustained counterinsurgency operations, leadership losses, shrinking territorial influence, declining recruitment, and growing technological advantages enjoyed by the state have significantly eroded the movement's operational capabilities. 
Post a Comment
»

The Dalit body on screen: Stereotypes, sacrifice, and subjugation in Hindi films

By Dr. Prem Singh*  Despite centuries of reformist efforts, from Gandhi and Ambedkar to contemporary activists, the caste system remains deeply embedded in the Indian psyche. One of the primary reasons for this persistence is the religious sanction provided by Brahminical scriptures, which have shaped not only social structures but also cultural and artistic expressions.
1 comment
»