India's corporate sector delivered low single-digit income growth despite 4X growth in profits over last four years, a report prepared for government by FICCI and Quess Corp found. Compounded annual wage growth rate across six sectors between 2019 and 2023 ranged from 0.8% to 5.4%. Notably, retail inflation from 2019-20 till 2023-24 rose 4.8%, 6.2%, 5.5%, 6.7% and 5.4%, respectively.