Businesses in India appear to be 'crawling back' to normalcy, says IIM-A survey

By A Representative

An Indian Institute of Management-Ahmedabad (IIM-A) survey has said that while businesses in India appear to be crawling back to normalcy, around 85% of the firms still believe that sales are “somewhat or much less than normal”, while over 83% of the firms expect “much less than normal or somewhat less than normal” profit margins.
The survey, based on the responses of around 1,300 companies in July 2020, shows that in the previous survey, carried out in June soon after the lockdown came to an end, over 86% firms reported “much less than normal or somewhat less than normal” profit margins.

It also finds that roughly one-third of the firms still expect significant (over 6%) cost increase as compared to the same time last year, though “this proportion has been gradually declining after March 2020.” It adds, “Around 53% of the firms now believe that the current cost increase is 3.1% and above as compared to the same time last year – down from 58% reported in June 2020.”

Called Business Inflation Expectations Survey (BIES) and carried out under Prof Abhiman Das since May 2017, the survey claims to provide 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.

The survey seeks to get a probabilistic assessment of inflation expectations and thus get a measure of uncertainty, even as providing an indirect assessment of overall demand condition of the economy. Business inflation expectations in July 2020 declined sharply to 3.70% from 4.12% reported in June 2020. “After running over 4% since March 2020, business inflation expectations fell below 4% in July 2020”, it says.

Comments

When democracy becomes a performance: The Tibetan exile experience

By Tseten Lhundup* I was born in Bylakuppe, one of the largest Tibetan settlements in southern India. From childhood, I grew up in simple barracks, along muddy roads, and in fields with limited resources. Over the years, I have watched our democratic system slowly erode. Observing the recent budget session of the 17th Tibetan Parliament-in-Exile, these “democratic procedures” appear grand and orderly on the surface, yet in reality they amount to little more than empty formalities. The parliamentarians seem largely disconnected from the everyday struggles faced by ordinary exiled Tibetans like us.

Fair prices, fresh produce: Vegetable market opens in Rajasthan tribal village

By Vikas Meshram* On 18 March 2026, the tribal village of Sajjangarh in southern Rajasthan witnessed the grand and dignified inauguration of a new vegetable market (mandi). Established through the tireless joint efforts of the Krushi Avam Adivasi Swaraj Sangathan (Bhilkuaan) and Vaagdhara, under the active leadership of the Gram Panchayat of Sajjangarh, the market is being hailed as a cornerstone for local self-governance, self-reliance, and a sustainable rural economy.

Study links sanctions to 500,000 deaths annually leading to rise in global backlash

By Bharat Dogra International opinion is increasingly turning against the expanding burden of sanctions imposed on a growing number of countries. These measures are contributing to humanitarian crises, intensifying domestic discord, and heightening international tensions, thereby increasing the risks of conflicts and wars.

Ex-IAS Atanu Chakraborty and a tale of two different Gujarat vision documents

By Rajiv Shah The likely appointment of Atanu Chakraborty as HDFC Bank chairman interested me for several reasons, but above all because I have interacted with him closely during my more than 14 year stint in Gandhinagar for the “Times of India”. One of the few decent Gujarat cadre bureaucrats, Chakraborty, belonging to the 1985 IAS batch, at least till I covered Sachivalaya was surely above controversies. He loved to remain faceless, never desired publicity, was professional to the core, and never indulged in loose talk. When he neared retirement, which happened in April 2020, first there were rumours in Sachivalaya that he would be appointed SEBI chairman, and then there was talk he would be chairman (or was it CEO?) of Gujarat International Finance Tec (GIFT) City (a dream project of Narendra Modi as Gujarat chief minister, which as Prime Minister Modi wants to promote, come what may). But, for some strange reasons, and I don’t know why, none of this happened, despite the fact...

Weaponised bravery, institutionalised cowardice as the engine of authoritarianism

By Bhabani Shankar Nayak* The insidious politics of crony capitalism is accelerating at an unprecedented pace, aided by the reckless expansion of artificial intelligence and other technologies designed not to liberate but to dominate, domesticate, and dehumanise societies. Alongside this, an illiberal politics of cowardice is emerging—serving as an accomplice to dehumanisation amid growing imperialist wars and conflicts across the world. Death in distant lands no longer stirs conscience. The push-button culture of digital screens has transformed social media into a disconnected, individualised, Hobbesian space, where the puritan pursuit of self-interest is elevated as the essence of human existence.

Moon missions and manholes: Development's drumbeat drowns out deaths in sewers

By Vikas Meshram* We proudly narrate the story of our nation’s progress. On every platform, we speak of the success of Chandrayaan , Digital India , and our rapidly growing economy. But behind this radiant picture lies a darkness—the world of sanitation workers who descend into sewers, risking their lives. This darkness is not confined to the drains alone; it runs deep within the conscience of our society.

Witnessing Iran beyond propaganda: Truth, war, and the path beyond western paradigm

By Naile Manjarrés On June 23, 2025—marked as the 2nd of Tir, 1404, on the Persian calendar—a ceasefire between Iran and Israel was announced. This "night of the decree" shifted the trajectory of global affairs; although the world may appear unchanged on the surface, we have yet to fully grasp its impact.

Best left-handed cricket XI of all-time: Could it beat an all-time right-hander XI?

By Harsh Thakor* This is my all-time left-handers Test XI. It could arguably give an all-time right-handers XI a strong run for its money, boasting the likes of Garry Sobers, Brian Lara, Wasim Akram, and Adam Gilchrist.

Dhurandhar: The Revenge — Blurring the line between fiction and political narrative

By Mohd. Ziyaullah Khan* "Dhurandhar: The Revenge" does not wait to be remembered; it arrives almost on the heels of its predecessor, released on March 19, 2026, just months after the first film’s December 2025 debut. The speed of its arrival feels less like creative urgency and more like calculated timing—cinema responding not to storytelling rhythm but to the emotional climate of its audience. Director Aditya Dhar, along with actor Yami Gautam, appears acutely aware of this moment and how to harness it.

Search This Blog