Mumbai: The corporate profit-to-GDP ratio of India’s corporate sector has hit a 15-year high in the financial year March 2024.
The corporate profit-to-GDP ratio of the Nifty-500 universe and listed India Inc swelled to 4.8 per cent and 5.2 per cent, respectively.
In contrast, sectors such as metals, technology and chemicals contributed adversely. The NSE-500 index accounts for 91 per cent to market cap.
The improvement in profit was led by the BFSI (banking, financial services and insurance), oil and gas, and automobile sectors, which contributed 95 per cent of the total improvement, according to a Motilal Oswal Financial Services report.
