External commercial borrowings (ECBs) by corporate India declined sharply to $312 million in April, compared with a little over $5 billion in March and generally elevated levels for many months through the last two financial years (see chart). A prolonged regime of very low interest rates that prevailed in the developed economies had given a […]
Input inflation and a sharp rise in employee expenses notwithstanding, India Inc turned in a strong performance in FY22. While the low base of FY21 did help prop up the numbers, companies clearly responded to the demand from clients and customers. Employee costs jumped 12.7%, the biggest increase in eight years. Much of this was […]