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Rating and research agency CRISIL said the upside to corporate profitability will be limited in 2017-18 after the 100 basis point (bp) improvement it expects this financial year (FY17). It expects a gradual recovery in top line growth for India Inc, according to its India Outlook, Fiscal 2018 report released on Thursday.
With an estimated eight per cent growth in FY18 sales, Corporate India will miss the double-digit revenue growth mark once again. The rating agency said “single-digit revenue growth seems to be the new normal”. However, this would be the highest growth clocked by the 1,200 companies in its
