Corporate India is still a global minnow in terms of profits

At $69.5 billion, combined net profit of BSE 500 a fifth of China's 300 biggest firms

A strong rally on Dalal Street has made India one of the biggest in terms of market capitalisation globally but corporate India is still a global minnow in terms of actual profits.

During the 12 months ending September this year, the combined net profit of BSE 500 companies at around $69.5 billion was a fifth of the combined net profit of China’s 300 biggest companies and a ninth of that at the euro zone’s 500 biggest listed companies.

The gap with America is more. During the year ending September, S&P 500 index companies reported combined net profit at $1,101.7 billion,