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Moderate wages despite robust corporate profit a concern: Economic Survey
short by Ankit Tiwari / on Friday, 31 January, 2025
Economic Survey 2025 flagged moderation in wages and employment despite robust corporate profit as a "critical concern". Corporate profitability soared to a 15-year peak in FY24, fuelled by robust growth in energy, financials and automobiles, the survey said, adding, "While profits surged, wages lagged". The survey added that wage stagnation is pronounced, particularly in entry-level IT positions.
read more at Moneycontrol