IIM-A survey's 'disturbing' trend: Indian business' profits, sales expectations worsen

10/03/2024

IIM-A survey's 'disturbing' trend: Indian business' profits, sales expectations worsen

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The Indian Institute of Management-Ahmedabad’s (IIM-A’s) Business Inflation Expectations Survey (BIES), which provides ways to examine the amount of slack in the economy by polling a panel of business leaders, has said that around 40% of the firms in January 2024 are reporting profit margins to be ‘about normal’ or greater – significantly down from 48% reported in December 2023. Overall, the profit margins expectations have notably deteriorated, it added.

IIMA