The profit-to-GDP ratio of Nifty 500 companies jumped from 2.1 per cent in FY23 to 4.8 per cent in FY24, the highest since FY08.
However, the boom in profits hasn't translated into higher wages."While profits surged, wages lagged.
In return, Japanese companies upgraded the country's manufacturing base, shared productivity gains with workers, and invested in infrastructure, setting the stage for decades of economic success.
The story "India's corporate profits hit 15-yr high, but wages lag behind: Eco Survey" has 503 words across 19 sentences, which will take approximately 3 - 5 minutes for the average person to read.
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