Commodity producers, retail lenders and metal firms grew the fastest in Q3

Positively, many companies also said that GST-related issues are now receding

The October-December 2017 quarter (Q3) saw an uptick in the growth of domestic manufacturers, especially consumer goods companies and automakers, but retail lenders and commodity producers, including energy and metal companies, saw the fastest growth in revenues and profits. Metal companies benefited from higher commodity prices and volumes. In contrast, higher input costs have begun to bite user industries with companies reporting a rise in the per unit cost of raw materials and energy during the quarter.

Headline growth for India-focused companies was boosted by a favourable base effect and spillover from higher government spending, especially in rural areas. The