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India Inc. On The Move Again
Corporate India clocks healthy growth in revenue and profits and ensures handsome returns for its shareholders by overcoming the challenges posed by the second wave of the pandemic as well as an uncertain global environment
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“He who is not courageous enough to take risks will accomplish nothing in life” — legendary heavyweight boxer Muhammad Ali
It is the Budget season when businesses, policymakers, and the people of India at large, get fixated on the economy and its macro-economic indicators and this year there are unprecedented global headwinds to grapple with as well.
Overall, though, FY2022 has been a relatively better year for India Inc. than the previous. After the reverses induced by the pandemic, Indian companies have clocked improved growth, reflecting in stronger numbers and an overall improved performance. With India being the fastest growing large economy, these positive indicators bode well for the India story. We, at BW Businessworld, map this story in our annual BW Real 500 rankings. For these much-awaited rankings, BW Businessworld partnered with TechSci Research that selected only listed organisations based on their turnover in FY2022.
Some findings of this study stand-out. First, the top 15 companies account for nearly 70 per cent of the cumulative income generated by the top 50 companies and almost 50 per cent of the total income generated by all 500 companies in the list. Secondly, the top 50 companies account for over 70 per cent of the total income generated by 500 companies.
Over the years, the BW Real 500 list has come to be known as the most definitive indicator of Corporate India’s health and India Inc.’s aspirations.
I am sure businesses and industry, policymakers, and our readers in general will find the study engrossing.
This issue of BW Businessworld has some other very interesting features, as well. The Last Word goes to Kris Gopalakrishnan, who writes on ‘Innovating amidst Adversity’. There is another interesting story on former Indian batting coach Sanjay Bangar, now an entrepreneur, drawing parallels between the worlds of sports and entrepreneurship. Is it really surprising then that many leading sportspersons should pad up for their second innings as entrepreneurs?
While we kicked off our Budget coverage with the last issue of BW Businessworld, we do offer you opinion pieces on it in this issue as well. Don’t miss Kiran Mazumdar Shaw’s column on the subject. Expect more curated content on the Union Budget in our forthcoming edition, which is a Budget Special. Of course, we bring to you all our regular features and columns too, along with the After Hours section that looks at life beyond the workplace.
Do keep writing to us with your feedback.