While India imposed the strictest lockdown during the first wave of COVID-19 infections, the implications of restrictions were also clear as it impacted livelihoods to a major extent.
India's economy is likely to grow at the fastest rate among all other major economies this year despite the deadly second Covid-19 wave. However, the projected 10% growth annual rate will depend on two key factors. Here is all you need to know.
Q3FY21 earnings: A bright spot in economic recovery
The aggregate sample of 2,450 companies saw net sales growth of 2.7 per cent in the quarter ended December 2020 compared against sharp fall of around 25 per cent and around 4.5 per cent in the preceding two quarters
Niti Kiran | February 18, 2021 | Updated 18:53 IST
Net profits of the companies witnessed a profound improvement of 67 per cent, year-on-year.
A healthy rebound and robust corporate performance in the third quarter is just what the doctor ordered. The aggregate sample of 2,450 companies saw net sales growth of 2.7 per cent in the quarter ended December 2020 compared against sharp fall of around 25 per cent and around 4.5 per cent in the preceding two quarters. Net profits of the companies witnessed a profound improvement of 67 per cent, year-on-year. However, one needs to read the positive growth number in Q3-FY21 with caution owing to the low base effect, said a CARE Ratings report. These were on account of impr