India Inc revenue growth accelerates to 22% in Q1

A report from ICRA, a company that studies how businesses in India are doing, looked at 838 big companies.

It found that the money these companies earned from selling things grew 22 percent compared with the same time last year.

That growth was much faster than in the three months before.

Higher prices for raw materials and gold, plus people buying more things, helped companies earn more.

Car companies did especially well, and so did food brands, clothing stores, jewellery shops, and restaurants.

But companies did not keep as much profit as before.

Oil companies had a hard time because crude oil was expensive and they lost money selling some fuels like LPG.

If we leave out oil and gas companies, profits grew more than 20 percent.

Overall, Indian businesses are growing strongly, even though there are worries about problems in West Asia, the weather, and world trade.