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Pvt Sector Needs To Pitch In For Growth

The New Indian Express Kozhikode

|

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Earlier denials have been replaced by some panic.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.

The New Indian Express Kozhikode からのその他のストーリー

The New Indian Express Kozhikode

The New Indian Express Kozhikode

MP uses chopper-driven technique to protect crops from blackbucks

THE Madhya Pradesh forest department has initiated a helicopter-driven boma technique to capture herds of blackbucks and neelgais and shift them to wildlife sanctuaries and tiger reserves of the state.

time to read

1 mins

October 22, 2025

The New Indian Express Kozhikode

WASTE LAND: A NATION OF LANDFILLS

SOME years ago, I was editing a newspaper in Mumbai and we ran a report on the city’s eternal garbage problem.

time to read

3 mins

October 22, 2025

The New Indian Express Kozhikode

10 months on, NMC yet to act against 30 docs for 'sponsored' foreign trips

THE National Medical Commission (NMC) is yet to take any action against 30 doctors who accepted free trips to Monaco and Paris worth ₹1.91 crore last year, despite the Department of Pharmaceuticals (DoP) recommendations that action should be taken against them for violating professional misconduct.

time to read

1 mins

October 22, 2025

The New Indian Express Kozhikode

Relief as $1L H-1B fee does not apply to US visa holders

A month after US President Donald Trump’s proclamation jacking up the fee for H1-B visas to a steep $100,000 caused panic among international students and professionals, the US government has now clarified that the fee won’t apply to most current visa holders and recent international graduates.

time to read

1 min

October 22, 2025

The New Indian Express Kozhikode

The New Indian Express Kozhikode

7 Punjab youths duped in Kazakhstan, appeal for help

SEVEN young men from Punjab’s Ropar district are stranded in Kazakhstan after a local travel agent allegedly duped them by promising high-paying jobs as drivers.

time to read

1 mins

October 22, 2025

The New Indian Express Kozhikode

PK SAYS BJP FORCING HIS CANDIDATES TO OPT OUT OF CONTEST

JAN Suraaj Party (JSP) founder Prashant Kishor on Tuesday launched a scathing attack on BJP alleging that three of his party candidates for the upcoming Bihar Assembly elections withdrew their nominations under “pressure” from the ruling party.

time to read

1 min

October 22, 2025

The New Indian Express Kozhikode

Price rise no deterrent, temples glitter in gold offerings

EVEN AS gold prices surge to record highs, Kerala's temples continue to glitter with the devotion of followers. Offerings of gold and silver pour in undeterred.

time to read

1 mins

October 22, 2025

The New Indian Express Kozhikode

EC: Print ads a day before or poll date need pre-certification

AHEAD of assembly polls in Bihar, the Election Commission of India (ECI) on Tuesday issued an order saying to ensure a fair campaign environment, no party, candidate, organisation or person shall publish any advertisement in print media on poll day and one day prior to the poll day, unless the contents are pre-certified by the Media Certification and Monitoring Committee.

time to read

1 min

October 22, 2025

The New Indian Express Kozhikode

Post-Diwali air quality in Delhi worst in 4 years

Revellers flouted time limit for firecrackers

time to read

1 mins

October 22, 2025

The New Indian Express Kozhikode

The New Indian Express Kozhikode

FIR against former Punjab DGP, ex-minister wife over son’s death

FORMER Punjab DGP Mohammad Mustafa, his wife and former minister Razia Sultana, along with their daughter and daughter-in-law, have been booked for murder and criminal conspiracy by Haryana Police in connection with the death of their 35-year-old son, Agil Akhter.

time to read

1 mins

October 22, 2025

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