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CEA calls for striking balance between corporate profitability, workers' income
The New Indian Express Jeypore
|December 06, 2024
THE anemic growth in private consumption has started to give jitters to the government as the chief economic advisor (CEA) to the Ministry of Finance, Dr V Anantha Nageswaran, on Thursday called for a balance between corporate profitability and workers' income growth.
Speaking in an event organized by Assocham, the CEA noted that even as corporate profitability was at a 15-year high in FY24, much of this income was diverted by companies to reduce their leverage. He expressed concern that workers' salaries have not grown commensurate with corporate profitability.
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