The Indian economy is currently experiencing a slowdown, which has had a significant impact on corporate profits in the second quarter of the current financial year.

This downturn is believed to be caused by a combination of factors, including disruptive rainfall and an astrologically inauspicious period that has led consumers to delay large purchases and new ventures.

Despite the decline in overall corporate profit growth, there has been an increase in Return on Capital Employed (ROCE), indicating that companies are effectively managing their capital even in challenging conditions.

This mixed performance reflects the complexities of the current economic landscape, as businesses navigate external environmental factors and shifts in consumer behavior.