High costs offset sales, mute profits: IIM-A report amidst GoI's high GDP growth claim

09/06/2022

High costs offset sales, mute profits: IIM-A report amidst GoI's high GDP growth claim

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The latest round of Business Inflation Expectations Survey (BIES) of the Indian Institute of Management-Ahmedabad (IIM-A), which seeks to provide ways to examine the amount of slack in the economy by polling a panel of India's business leaders, has said, "Improved sales expectations are offset by high cost increases. As a result, profit expectations remain muted."

IIMA