India’s profit-to-GDP hits 4-year high, but best is yet to come

India’s profit-to-GDP hits 4-year high, but best is yet to come

 

MUMBAI: In one of the most concrete signs of the robust recovery in the formal sector of the Indian economy post the onset of the Covod-19 pandemic, India’s net profit-to-GDP ratio surged to a four-year high, according to data compiled by .

The brokerage firm said the profit pool of listed Indian companies as a percentage of GDP surged to 2.6 per cent in the financial year ended March 31, 2021, after hitting a multi-year low of 11.6 per

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Retail inflation for farm, rural workers eases marginally in April

Retail inflation for farm, rural workers eases marginally in April

 

Retail inflation for farm workers and rural labourers in April eased marginally to 2.66 per cent and 2.94 per cent, respectively, mainly due to lower prices of certain food items. “Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index for Agricultural Labourers) and CPI-RL (Consumer Price Index for Rural Labourers) decreased to 2.66 per cent and 2.94 per cent in April 2021, from 2.78 percent and 2.96 per cent, respectively, in March, 2021,” the labour ministry said

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What will Covid do to India’s GDP mainstay? Economists paint grim picture even as businesses hold on to hope

What will Covid do to India’s GDP mainstay? Economists paint grim picture even as businesses hold on to hope

 

Rural India saved the country during the first Covid wave. This time Covid infections have spread to the interiors like wild fire.

Synopsis

When Covid reached our shores last year, average Indian households were already reeling from economic stress. But with higher govt spending and loan moratorium support, the country managed to ride the first Covid wave. The second wave could be far more economically draining than the first one, say many economists.

The promoters of Jaipur Meat House

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