The effect of the slowing economy was felt on wages to workers, profits of these companies, and their gross value addition that year.
The gross fixed capital formation (GFCF) by these companies grew almost 21 per cent at Rs 4.16 trillion at current prices during rpt during 201920, double the growth of 10 per cent in the previous year. The growth rate was a nine-year high as the previous peak was 21.21 per cent in 2011-12.
This story is from the August 20, 2022 edition of Business Standard.
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This story is from the August 20, 2022 edition of Business Standard.
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