Slowdown suspense: India Inc trails without a macroeconomic crisis

Companies are struggling to improve revenue and profit even as there's no macroeconomic crisis. Sectors as varied as consumer goods and cement are affected

Perhaps for the first time in many years, corporate India is facing a growth crisis without the country being in any kind of macroeconomic trouble. Consider this: The combined revenue of BS1000 companies was up just 3.7 per cent in 2023-24 (FY24), a sharp decline from 22.7 per cent growth in FY23 and the lowest in the last three years. The trend continues in FY25 as well, with the combined revenue of early-bird non-BFSI companies up just 5.7 per cent in the first nine months of FY25. BS1000 companies’ revenue has either shrunk or grown in low single digits in