By what percentage did Indian corporate profits grow in FY24, according to the RBI?
15.30%
Why in the news?
“Corporate Profits Rise 15.3% in FY24 Despite Slow Sales Growth: RBI Report”
Indian corporate profits grew by 15.3% in FY24, despite a modest 5.5% sales increase, according to the RBI. The services sector led with a 38.1% profit surge, while manufacturing saw 4.1% sales growth and a 7.6% rise in profit after tax.
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