Essayer OR - Gratuit

Pvt Sector Needs To Pitch In For Growth

The New Indian Express Nagapattinam

|

August 24, 2025

The signals have been there. The economy has been slowing.

But now the challenges of trade disruption, tepid consumer demand, and insufficient private corporate investment have begun to impact industry performance and corporate results. Things are likely to get worse before they get better if the 50% tariffs on exports to the US kick in by the month end.

Earlier denials have been replaced by some panic. Perhaps the alarm has galvanized the government to announce a 15-August package of Goods and Services Tax (GST) reforms, hoping lower tax will generate higher consumer demand.

Slower growth, profits
A review of company results by business writers show listed companies for the April-June quarter witnessed only single-digit growth in revenue; and that is the story for nine consecutive quarters. Their core profits (excluding other income and one-time gains) have followed the same trajectory, contracting for the second time in four quarters. Some companies have gained from the lower energy costs; but the growth leaders -- IT, banking, FMCG, automobiles and pharmaceuticals -- have all shown slowing growth in both turnover and profits.

Combined net sales for these 3,000 or so companies for the April-June period this year rose just 6% from a year ago, the slowest since the June-September 2023 period. This means for the last nine consecutive quarters, or over two years, the revenue growth has been averaging just 6.9%, slower than the average GDP growth.

PLUS D'HISTOIRES DE The New Indian Express Nagapattinam

The New Indian Express Nagapattinam

Campbell and Hope keep WI in the contest

SHAI Hope and John Campbell have happy memories of batting together.

time to read

1 mins

October 13, 2025

The New Indian Express Nagapattinam

The New Indian Express Nagapattinam

Biocon's new US facility clears key FDA hurdle, to strengthen footprint

BIOCON Ltd has announced that its first manufacturing facility in the US, in Cranbury, New Jersey, has undergone a critical good manufacturing practices (GMP) inspection by the US Food and Drug Administration (FDA).

time to read

1 min

October 13, 2025

The New Indian Express Nagapattinam

The New Indian Express Nagapattinam

TCS layoff: Unions ask govt to take steps

DAYS after Tata Consultancy Services (TCS) admitted that it has lain off 19,755 employees during its Q2FY26 results announcement last week, three IT unions issued a statement on Sunday, asking the state and Union governments to take responsibility for their failure to enforce labour laws and regulate IT companies.

time to read

1 min

October 13, 2025

The New Indian Express Nagapattinam

Before NE monsoon, interior TN receives 40% seasonal rain

EVEN before the onset of the Northeast Monsoon (NEM), interior Tamil Nadu districts — among the least rainfed regions in the state — have already received over 40% of their seasonal rainfall.

time to read

1 mins

October 13, 2025

The New Indian Express Nagapattinam

Rarest Kuldeep conjures up his magic to give India edge

OUT of the 1000s of spinners to have cracked cricket at the elite level, only a handful have attempted left-arm wristspin.

time to read

2 mins

October 13, 2025

The New Indian Express Nagapattinam

The New Indian Express Nagapattinam

Haaland grabs hat trick for Norway, Ronaldo goalless in Portugal’s win

ERLING Haaland further enhanced his superstar reputation with a hat trick for Norway in a 5-0 home win against Israel while Cristiano Ronaldo drew a blank as Portugal beat Treland 1-0 in World Cup qualifying on Saturday.

time to read

1 min

October 13, 2025

The New Indian Express Nagapattinam

BJP names 3 candidates for RS polls in J&K; Cong rejects NC’s seat offer

J&K party chief to contest from seat with advantage

time to read

1 mins

October 13, 2025

The New Indian Express Nagapattinam

Consecration of 1,000-year-old Kanchi temple on December 8

THE consecration of the 1,000-year-old Sri Ekambaranathar temple in Kancheepuram will be held on December 8, HR&CE Minister PK Sekarbabu announced on Sunday.

time to read

1 min

October 13, 2025

The New Indian Express Nagapattinam

The New Indian Express Nagapattinam

ATC officers’ shortage raises worries over aviation safety

THERE is a gaping shortage of personnel in the Air Traffic Control (ATC) centres across the country, posing a major risk to safety of flyers. With the recent opening of the Navi Mumbai International Airport and the Jewar International Airport in Noida set for launch shortly, the problem is only set to get compounded.

time to read

1 mins

October 13, 2025

The New Indian Express Nagapattinam

Lalu, Tejashwi to meet Rahul today for seat-sharing pact

ALL eyes are set on the crucial meeting of RJD leader Tejashwi Prasad Yadav with senior Congress leaders—Rahul Gandhi and Mallikarjun Kharge—in New Delhi on Monday to seal the seat-sharing arrangements among Opposition INDIA bloc partners for the high-stakes Bihar Assembly elections.

time to read

1 mins

October 13, 2025

Listen

Translate

Share

-
+

Change font size