India’s economy continues to post headline numbers that would make most finance ministers envious. Gross domestic product (GDP) is forecast to grow 7.4% in FY25-26, according to the National Institute of Public Finance and Policy (NIPFP). The baseline is 7.1% growth, rising to 8.8% in a sunnier scenario. Moody's Ratings expects India to be one of the world’s fastest-growing big economies in 2026 and 2027, at 6.4% and 6.5%. With global growth stuck at 2.5%-2.6% and China slowing to 4.5%, India’s trajectory looks impressive. Now turn your gaze to corporate results for the September quarter. Revenues of the Nifty 50 rose a mere 7%. Operating profits grew by 13% and net profits by just 9%. For decades, a convenient rule held that Indian companies grew their top-line three to four percent

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