Did corporate tax cut of 2019 lead to tax, GDP boom?
A parliamentary panel estimates a loss of ₹1.84 lakh crore due to the 2019 corporate tax cut in the first two fiscals of FY20 and FY21 alone
corporate profits
August 2022
February 2022
December 2021
India Inc’s profit vaults in H1 FY22
Topline of 3,880 listed companies jumped 34% to ₹54.56 lakh crore, but their cumulative profits after tax surged 133% from ₹4.71 lakh crore.
Industrial growth slips even as corporate profits soar to historic highs
The disconnect is stark because industrial production and capacity utilisation continue to be low for several years, indicating a structural economic slowdown.
