According to the data, Indian companies’ total profits are expected to grow 25% in the next fiscal year, which would be the highest in Asia. According to the data, Indian companies’ total profits are expected to grow 25% in the next fiscal year, which would be the highest in Asia. This follows India’s action to remove high-value currency bills late last year that dented the cash-dependant economy, leading to several quarters of sluggish profit growth. Sectors such as consumer goods and auto makers posted strong profit growth, in a welcome indication that demand was improving, analysts said. Reliance Industries Ltd, for example, posted a 7.3% rise in standalone profit at Rs8,265 crore ($1.28 billion), its highest ever.

Source: Mint November 29, 2017 11:15 UTC