FCMG companies have been grappling with multiple challenges - manufacturing, supply chain and manpower availability being primary among them
In the absence of clarity about the impact of this crisis on demand and supply, any measure undertaken presents the possibility of proving to be eminently wrong when clarity eventually emerges
Key demands and suggestions include improving liquidity, cutting customs duties and goods and services tax (GST) rates, expediting all refunds and a halt on tax scrutiny
A quick economic recovery requires that we keep people employed and the economy ticking over
In an interview with Viveat Susan Pinto, Harsh Mariwala, chairman, Marico, expresses his fears, saying the road ahead for industry will not be easy
The sectors that have been most impacted are transport, hospitality, and real estate
Auto component vendor Nippon Paint India said that at 25 per cent capacity, it will not even meet plant overhead costs, leave alone company overheads.
The rise in the Index of Industrial Production (IIP) helped pull up cumulative growth in industrial output to 0.9 per cent in the April-February period of 2019-20,
Most of the exporters have the required manpower and had sourced the raw material before the lockdown. All they need now is permission to produce their goods
The Nikkei India Manufacturing Purchasing Managers' Index (PMI) stood at 51.8 in March, after February's 54.5 - much below the eight-year high of 55.3 in January.
"The most prominent signs of trouble came from the new export orders and future activity indices, which respectively indicated tumbling global demand and softening domestic confidence," Kerr noted.
Planning for the revival of the economy
Grows by 5.5% in Feb, driven by petroleum production, rise in electricity output
Once the lockdown is lifted, we will need the mother of all fiscal and monetary policy support to sustain the economy
The rise in IIP helped pull up cumulative growth in industrial output to 0.6 per cent in the April-November period of FY20
Wednesday's upbeat survey comes after official data showed India's annual economic growth slowed to 4.5% in the July-September quarter, its weakest pace since 2013.
Fiscal deficit in the first seven months of FY20 already at 102% of government's target for full financial year
This GDP growth data for the September 2019 quarter is the lowest since January-March of 2012-13, when it was registered at 4.3%
Job growth has slowed this year, averaging 167,000 per month compared with an average monthly gain of 223,000 in 2018
As services exports succeed, the rupee will get stronger and the manufacturing sector will find it harder to compete globally, causing a shortage of domestic jobs for rural youth, writes T N Ninan