Indian businesses under inflationary pressure: Survey

Monday, 16 May 2011, 15:10 IST
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Mumbai: Indian businesses of all sizes are facing the impact of inflation in terms of rising labour and raw material costs, as well as logistics expenses, according to a survey. Nearly seven out of 10 companies in India reported that labour costs are increasing and 64 per cent of businesses face rising logistics expenses. Rising raw material costs (54 per cent) were also highlighted as a major concern, the survey by workplace solutions provider Regus said. Overall inflation was reported at 8.82 per cent in March, 2011. The study by Regus asked over 600 senior business decision-makers across India how inflationary pressure was affecting their business operations. The top three effects of inflation experienced by the businesses are increases in labour, logistics and raw material costs, the survey said.
Source: PTI
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