India Inc’s Profit-to-GDP Ratio Hits 15-Year High, Led by BFSI Sector
The Banking, Financial Services, and Insurance (BFSI), Oil & Gas, and Automobile industries are driving India’s corporate profit-to-GDP ratios to a 15-year high of 4.8% and 5.2%, respectively, in the financial year 2024 for the Nifty-500 Universe and listed businesses. Overall, according to an analysis by Motilal Oswal Financial Services, all these industries accounted for…
