{"id":20893,"date":"2020-09-10T03:37:29","date_gmt":"2020-09-10T03:37:29","guid":{"rendered":"http:\/\/bengalnewstimes.com\/?p=20893"},"modified":"2020-09-10T03:37:29","modified_gmt":"2020-09-10T03:37:29","slug":"62-companies-expect-economy-to-be-back-on-track-within-a-year","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=20893","title":{"rendered":"\u201862% companies expect economy to be back on track within a year\u2019"},"content":{"rendered":"<p><\/p>\n<div>NEW DELHI: Nearly 68% of companies have said weak demand is the biggest challenge facing the <!-- -->industry<!-- --> after end of <!-- -->lockdown phase<!-- -->, a survey showed on Wednesday. <br \/>About 62% of firms said they expect the <!-- -->economy<!-- --> to be back on track in a year\u2019s time, while 41% of the companies have said that their sales in August 2020 were less than 50% of their sales in August 2019. <br \/>Another 21% said that sales in August 2020 were between 50-75% of the sales recorded in August 2019, the survey by Ficci and consulting firm <!-- -->Dhruva Advisors<!-- --> showed. <\/p>\n<div data-pos=\"14\" class=\"id-r-component _39c8C undefined  &#10;        \">\n<div><img decoding=\"async\" src=\"https:\/\/static.toiimg.com\/photo\/imgsize-185506,msid-78030735\/78030735.jpg\" alt=\"\" title=\"\" placeholdersrc=\"https:\/\/static.toiimg.com\/photo\/42706777.gif\" imgsize=\"23456\" resizemode=\"4\" offsetvertical=\"0\" placeholdermsid=\"\" msid=\"\" type=\"thumb\"\/><\/div>\n<\/div>\n<p>In August 2020, 44% of the companies reported that their order books have improved after opening up of the economy, while in June 2020, 25% of the companies had reported that unlocking of the economy had a positive impact on their order books. <br \/>Only 21% of the companies had reported that unlocking had a positive impact on their cashflows in June, while in August, 51% of companies said their cash flows have improved. <\/div>\n<p><a href=\\\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/62-companies-expect-economy-to-be-back-on-track-within-a-year\/articleshow\/78029915.cms\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Nearly 68% of companies have said weak demand is the biggest challenge facing the industry after end of lockdown phase, a survey showed on Wednesday. About 62% of firms said they expect the economy to be back on track in a year\u2019s time, while 41% of the companies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20894,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-20893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/09\/1599709050_photo.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/20893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20893"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/20893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/20894"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}