Industrial sector accounts for 46 pc of total profits of India Inc

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Industrial sector accounts for 46 pc of total profits of India Inc

The share of industrial companies in India Inc's profit pool is approaching a new all time high thanks to the commodity cycle boom. According to the analysis done by ICICI Securities ISec, the industrial sector accounted for 46 per cent of the aggregate profits of Indian companies, up sharply from 36 per cent levels in 2016 and remains to be seen if the trend is sustainable or can be extrapolated into the increased contribution of the manufacturing sector to India s gross domestic product GDP. It was slightly above 46 per cent in March 2012. The trailing 12 month India Business Standard has always tried to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your constant feedback on how to improve our offering has made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we remain committed to keeping you informed and informed with credible news, authoritative views and incisive commentary on topical issues of relevance.

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