HDFC Mutual Fund’s newly anointed Managing Director and Chief Executive Officer Navneet Munot says India Inc’s profit growth cycle is just starting to pick up after hitting multi-decade lows last year.
In 2020-21, India Inc’s profit-to-GDP ratio rose to 2.8 per cent despite the Covid pandemic after hitting multi-decade low of 1.6 per cent, brokerage firm ICICI Securities said in a report.