Modi government refusing to recognise challenge of weak consumer demand growth: Jairam Ramesh
Ramesh shared a media report which claimed that India Inc has reported a muted start to the financial year 2024-25, with a decline in net earnings and a modest single-digit uptick in revenues.
The spike in India Inc's corporate profits over the last few years was not built on robust revenue growth from surging sales volume, but for a variety of less exciting reasons -
* Decreased costs due to COVID-era automation * Increasing oligopolisation, enabling market leaders… pic.twitter.com/vrdRrn6DKJ