Your salaries remain stagnant, but companies are making a fortune during pandemic
Your salaries remain stagnant, but companies are making a fortune during pandemic
India Inc’s profits have spiked sharply in the second quarter after facing the initial hurdles during the coronavirus pandemic. On the contrary, salary levels and employment opportunities have hardly seen any growth.
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UPDATED: December 11, 2020 13:47 IST
Low income growth and lack of employment could hurt India s economy in the long run. (Photo: Reuters/Representational image)
The economic crisis triggered by the coronavirus pandemic has reduced take-home salaries of millions of employees working in India’s formal sector, even as corporate profits keep rising handsomely after a dismal first-quarter performance.