#SlowdownWorsens; India Inc profits tank 2/3rd in Q2.

The contraction in aggregate sales can be associated with a broad-based decline in sales growth in H1-FY20 across different company size.

With dampened industrial production, terrible show in the corporate earnings, the analysts say that GDP number for the second quarter could be far worse than the market expectations.

#IndiaSlowdown

https://www.deccanherald.com/business/business-news/slowdown-worsens-india-inc-profits-tank-2/3rd-in-q2-777926.html

Slowdown worsens; India Inc profits tank 2/3rd in Q2

The ongoing slowdown in the Indian economy seems to have worsened as the performance of India Inc has tanked terribly in the September quarter.