Corporates in India see 4x profit but keep salaries stagnant: Report
1 week, 4 days ago

Corporates in India see 4x profit but keep salaries stagnant: Report

India Today  

Corporate profits have grown four times in the last four years, but real wages haven't grown, according to a report. This comes even as India's economic growth, measured in terms of GDP, dipped to 5.4% in the September quarter. A report in The Indian Express on Thursday highlighted how wages saw negative growth even as India Inc's profits grew. The newspaper said that a report prepared for the government by industry body FICCI and Quess Corp showed that the compounded annual wage growth rate of wages between 2019 and 2023 was between 0.8% and 5.4%. The negative growth in wages is slowing consumption power, which, in turn, is hitting India's economic growth.

History of this topic

Will India's economic growth pick up pace? Nirmala Sitharaman answers
6 days, 17 hours ago
India’s retail inflation eases to 5.48%, industrial production rises to 3-month high
1 week, 4 days ago
Corporate profit record high, salaries stagnant: Ficci report says mismatch impeding India’s GDP growth
1 week, 4 days ago
Private sector profit grew 4x in last 4 years, but salaries stagnant: Report
1 week, 4 days ago
ADB lowers growth projections for India to 6.5% in FY25, 7% in FY26
1 week, 5 days ago
Vivek Kaul: India’s GDP growth slump holds lessons in forecasting
1 week, 6 days ago
December quarter will make up for poll-induced growth slowdown: Nirmala Sitharaman
2 weeks, 3 days ago
Expert Speak: Expect earnings growth at 16%-18% in FY26, stay invested, suggests Gopinath Natarajan of Geojit
2 weeks, 4 days ago
India’s GDP growth shocker: Bad news can be good too
2 weeks, 5 days ago
At the root of slowdown: It’s politics, stupid
3 weeks, 1 day ago
India’s chief economic adviser calls for deregulation to spur growth
3 weeks, 3 days ago
India’s GDP growth slows to 5.4% in Q2, below RBI estimate: Govt data
3 weeks, 3 days ago
India's Q2 GDP growth slows to 5.4 per cent, hits 18-month low
3 weeks, 3 days ago
India's GDP growth slows to 5.4% in Q2 2024-25: Govt data
3 weeks, 3 days ago
India Q2 GDP: Economy grows 5.4% in July-Sept, a 7-quarter low
3 weeks, 3 days ago
India’s GDP growth: The first half faltered, but economy seen rebounding in the second
Trending News
3 weeks, 3 days ago
Experts see GDP growth below 6.5% in second quarter
3 weeks, 3 days ago
India's Q2 GDP slows to 5.4%, hits 18-month low on weak consumption
Trending News
3 weeks, 3 days ago
India Q2 GDP: Economic growth likely moderated; should Indian investors be worried?
1 month ago
India’s GDP growth likely moderated to 6.5% in Q2, says Icra
Trending News
1 month ago
India Inc's Q2 has been tepid. Is a recovery in sight?
1 month ago
India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA
1 month ago
India’s Industrial Output Grows 3.1 Percent in September Amid Rising Inflation
1 month, 1 week ago
Retail inflation hits 14-month high, rises to 6.21 per cent in October
1 month, 1 week ago
IMF Sees India's Economic Growth and Outlook as Stable
2 months ago
Economic growth of India is better than that of China, says economist
3 months, 1 week ago
India's Retail Inflation at 3.65 Percent in August; Industrial Output Grows by 4.8 Percent in July
3 months, 1 week ago
At 6.7%, India Leads Global Economic Growth: A Look at Country-Wise GDP Performance
3 months, 3 weeks ago
India growth slows to 6.7% on lower consumer spending
3 months, 3 weeks ago
India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters
3 months, 3 weeks ago
Apple fastest growing firm in India over the last 50 years, ​contributes 14 per cent to tech giant’s total production
4 months, 1 week ago
Indian economy's outlook bright, FY25 growth expected at 6.5-7%: Economic Survey
5 months ago
Positive on GDP growth, working to bring inflation under control: RBI Governor Shaktikanta Das
5 months, 4 weeks ago
India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's
6 months, 1 week ago
India's industrial output's year-on-year growth increases to 5% in April 2024
6 months, 1 week ago
India's CPI Inflation Eases To 12-Month Low of 4.75% In May 2024; IIP Grows 5% In April
6 months, 1 week ago
India's FY24 GDP stays strong at 8.2%, Q4 economy growth at 7.8%
6 months, 3 weeks ago
GDP growth impresses, but rural demand remains a worry
6 months, 3 weeks ago
India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent
6 months, 3 weeks ago
India’s silent youth crisis: College-educated but poorer than a farm hand
7 months, 1 week ago
India's Index of Industrial Production growth slows to 4.9% as mining sector sees decline
7 months, 1 week ago
Industrial output slows to 4.9% in March
7 months, 1 week ago
India Inc's Revenue Growth At 4-6% in Q4, Slowest Since COVID-19: Crisil
7 months, 3 weeks ago
India's GDP to grow 6.1% in 2024: Moody's Analytics
8 months, 1 week ago
ADB pegs India’s GDP growth at 7% in 2024-25, 7.2% next year
8 months, 1 week ago
Has the growth of India’s economy translated into domestic jobs?
8 months, 2 weeks ago
Indian economy to grow at 7.5 per cent in 2024, projects World Bank
8 months, 2 weeks ago
Latest GDP numbers mystifying, they don't add up: Arvind Subramanian
9 months, 1 week ago
This sector will see highest salary growth in 2024 while job cuts will be in…
9 months, 2 weeks ago

Discover Related