India Inc's sales, profit growth weakest in 2 yrs

This was even as the country's economy grew by 7.3%

India was the world's second-fastest-growing economy in 2014-15, with its gross domestic product (GDP) growing 7.3 per cent, next only to China's 7.4 per cent. This bullishness about the economy, however, did not reflect in India Inc's books of account. The combined net sales of around 1,700 Indian companies (excluding financial and oil & gas ones) rose 5.9 per cent on a year-on-year basis - the slowest rate in two years. India Inc's bottom line fared worse, with core operating profit (excluding other income) declining 0.5 per cent annually, and net profit falling 7.45 ...