After the year of reset, businesses now poised to truly get back in form

Some firms braved the headwinds and stepped on the gas, others played it safe; green energy turned a bright spot

After two years of a pandemic-induced slowdown, India Inc was expected to expand with gusto. That is yet to happen. Though some companies have managed to buck the trend – with projects from Adani, Ambani and Vedanta stables dominating new investment proposals in the first two quarters of FY23 – most Indian businesses hunkered down against the headwinds of an impending global slowdown, supply chain disruptions, rising interest rates and input costs, and subdued demand.

This much was evident in corporate earnings for Q2FY23. After a post-Covid uptick, mainly on the back of sweeping cost-cutting and layoffs, margins and profits