Data Drive: Uptick, but uneven

Corporate profitability picked up to 7.7% of the GDP in FY22 after falling to an 18-year low of 6.4% in FY21 thanks to the pandemic.

In fact, India’s corporate profitability has never been below 8% of the GDP since FY05.

Now, even with the improvement, it remains lower than pre-Covid level.

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The profitability of the unlisted corporate sector, which accounts for 3X the total investments of listed companies, halved during the Covid period.