Future tense for India Inc

When the Central Statistics Office pegged India’s growth estimate in 2012-13 at five per cent, the government dismissed it. How would policy makers react to India Inc’s results for the third quarter ended December 31, 2012? Corporate earnings, excluding financial services and oil and gas companies, touched a new low; net sales growth decelerated for the fourth successive quarter, and its trajectory suggests it may decline further, diminishing hopes of an earnings revival in the near term.

Read Full Story>>