Corporate India is expected to witness a slowdown in sales growth during Q3 FY 08 to 13 per cent as compared to a sales growth of 24.7 per cent witnessed in the December 2006 quarter, the Centre for Monitoring Indian Economy (CMIE) said here.
“The slowdown in sales was largely on account of a significant slowdown in sales expansion in sectors like chemicals, IT, food products, two-and-three-wheelers, aluminium and a modernisation in the robust growth of sectors like cement, steel, metal products and hotels sectors,” CMIE said in its monthly Indian economy review.
Growth rates
In Q2 FY 08, the Indian corporate sector had registered a growth in sales revenues by 15.2 pc and growth of 23.6 pc, earnings. These would have been slower had the services sector not performed well.
