Follow us on
Welcome Guest! You are here: Home » Business & Economy
India Inc says no change in economy performance in last 6 months
Sunday February 1, 2015 8:15 PM, IANS

Painting a dismal picture of the economy during the last six months of 2014, India Inc Sunday said not much had changed on the ground at the industry level during the period falling within the Narendra Modi-led government's tenure.

The industry chamber's respondents were, however, optimistic that things will improve a lot in the next as many months, the Associated Chambers of Commerce of India (Assocham) said in a statement here.

"As many as 54.2 percent of the respondents in the Confidence measuring survey said not much has really changed at the operating level in the last six months, but more number of industry leaders expressed optimism about the shape of things to improve going forward," Assocham said.

"As many 58.3 percent of the respondents expect that during January to March 2015 their sales volume will increase and 45.8 percent of them expressed similar outlook for profits," it added.

"Typically investment follows improvement in sales and profitability. The latter things - sales and profitability - are falling in place and there would be a visible change in the next few months following which investment should follow since there is always a lag," Assocham secretary general D.S. Rawat said.

Share this page
Note: By posting your comments here you agree to the terms and conditions of
comments powered by Disqus
| Quick links
Contact us
Subscribe to: RSS » Facebook » Twitter » Newsletter Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.
© 2012 Awaz Multimedia & Publications. All rights reserved.