Home / Economy / News / India Inc net profit share in GDP now just shy of 5% after robust Q2

India Inc net profit share in GDP now just shy of 5% after robust Q2

Expected to top 8% in five years

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3 min read Last Updated : Nov 20 2023 | 11:50 PM IST

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India Inc’s net profit as a percentage of the country's gross domestic product (GDP) is just shy of reaching 5 per cent, bolstered by strong earnings growth in the second quarter of 2023-24. Analysts interpret this as an indication that a corporate profit upcycle is in progress, with projections suggesting that this share could exceed 8 per cent within the next five years, driven by bullish earnings growth expectations.

“We believe we are only halfway through a profit cycle, with the profit share in GDP rising from a low of 2 per cent in 2020 to about 5 per cent

Topics : Stock Market GDP growth Morgan Stanley share market

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