Economic TimesLean R·
A post-Covid deviation draws policy attention
Corporate profits and profitability have bounced back more strongly than investment since the Covid-19 pandemic, with companies generating substantially higher returns from their existing assets even as the pace of fresh investment remains relatively moderate, according to a working paper by the Economic Advisory Council to the Prime Minister (EAC-PM).The study found that aggregate profit before interest and tax (PBIT) rose 21.4% in FY24, compared with a 6.1% increase in gross fixed assets (GFA…
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