Opportunities & challenges: The jury is out on what, how India Inc achieves

BS1000 companies' combined revenues rose by Rs 24.5 trillion in FY22, while their net profit was up by Rs 3.24 trillion

In many ways, FY22 was a milestone year for BS1000 companies. The fiscal year ended a decade-long growth drought that had bedevilled the country’s top firms in the manufacturing and industrial sectors.

The combined revenues of BS1000 companies rose 33.9 per cent year on year in FY22 to Rs 98.8 trillion, while net profit was up 72.5 per cent YoY to Rs 7.7 trillion. Growth was visible across the board, with a surge in India’s merchandise exports and in domestic consumer demand. 

This was the best showing by the country’s non-financial corporate sector in more than a decade. BS1000 is