{
 "meta": {
  "dossier": "markets-companies",
  "source": "Reserve Bank of India, studies of company finances (DBIE, via the local Data Bank)",
  "vintage": "2026-10-10",
  "mock": false,
  "geo": "IND",
  "releaseDate": null,
  "revisionPolicy": "Each study is final for its own sample of companies; a later study re-measures the earlier year on a different sample, kept beside it, never chained.",
  "frequency": "annual",
  "base": "Old reporting format (studies 2011-12 to 2018-19)",
  "product": "DBIE report 1179",
  "companyType": "Private limited companies",
  "statement": "Growth rates",
  "cut": null,
  "studies": [
   "2011-12",
   "2012-13",
   "2013-14",
   "2014-15",
   "2015-16",
   "2016-17",
   "2017-18",
   "2018-19"
  ],
  "coverage": "Private limited companies: growth rates, from the RBI's annual studies (2011-12 to 2018-19 studies)",
  "unit": "pct",
  "studyOffset": 0,
  "note": "Each year's figure is from that year's own study: the companies in the study, this year against last year for growth rates. Consecutive years are different samples; read the level of a rate across years, never a rupee level. Ratios in per cent except those marked times.",
  "latestPeriod": "2018-04"
 },
 "dates": [
  "2011-04-01",
  "2012-04-01",
  "2013-04-01",
  "2014-04-01",
  "2015-04-01",
  "2016-04-01",
  "2017-04-01",
  "2018-04-01"
 ],
 "series": {
  "interest": {
   "label": "Interest",
   "unit": "pct",
   "data": [
    35.3,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "total_earnings_in_foreign_currencies": {
   "label": "Total earnings in foreign currencies",
   "unit": "pct",
   "data": [
    17.8,
    15.6,
    null,
    25.8,
    5.5,
    4,
    5,
    13.3
   ],
   "gaps": [
    "2013-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "total_expenditure_in_foreign_currencies": {
   "label": "Total expenditure in foreign currencies",
   "unit": "pct",
   "data": [
    3.3,
    5.3,
    null,
    13.2,
    -15.1,
    6.8,
    10.1,
    12.7
   ],
   "gaps": [
    "2013-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "interest_expenses": {
   "label": "Interest Expenses",
   "unit": "pct",
   "data": [
    null,
    9.6,
    14.7,
    12.6,
    9.5,
    7.9,
    8.2,
    9.9
   ]
  },
  "of_which_from_banks": {
   "label": "of which, from banks",
   "unit": "pct",
   "data": [
    6.5,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "trade_dues_and_other_current_liabilities": {
   "label": "Trade dues and other current liabilities",
   "unit": "pct",
   "data": [
    17.9,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "gross_physical_assets": {
   "label": "Gross physical assets",
   "unit": "pct",
   "data": [
    11.7,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "remuneration_to_employees": {
   "label": "Remuneration to employees",
   "unit": "pct",
   "data": [
    24.7,
    19.1,
    13.7,
    17.6,
    14.9,
    13.4,
    13.4,
    13.6
   ]
  },
  "depreciation_provision": {
   "label": "Depreciation provision",
   "unit": "pct",
   "data": [
    14.6,
    11.2,
    14.4,
    28.5,
    7.1,
    6.9,
    11.7,
    7.1
   ]
  },
  "net_physical_assets": {
   "label": "Net physical assets",
   "unit": "pct",
   "data": [
    9.9,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "profit_before_tax_and_non_operating_surplus_deficit": {
   "label": "Profit before tax and non-operating surplus/ deficit",
   "unit": "pct",
   "data": [
    -11.9,
    16,
    15.2,
    13,
    15.9,
    23.1,
    24,
    15.7
   ]
  },
  "total_borrowings": {
   "label": "Total borrowings",
   "unit": "pct",
   "data": [
    15,
    22.1,
    13.2,
    11.6,
    9.9,
    7.7,
    9.8,
    6.6
   ]
  },
  "borrowings_from_banks": {
   "label": "Borrowings from banks",
   "unit": "pct",
   "data": [
    null,
    29.8,
    15,
    13.2,
    6.7,
    2.4,
    -2.5,
    2.6
   ]
  },
  "net_fixed_assets": {
   "label": "Net fixed assets",
   "unit": "pct",
   "data": [
    7.3,
    15.1,
    12,
    19.4,
    6.9,
    8,
    7,
    4.7
   ]
  },
  "non_current_assets": {
   "label": "Non-current assets",
   "unit": "pct",
   "data": [
    null,
    15.5,
    11,
    11.1,
    7,
    7.6,
    7.7,
    6.5
   ]
  },
  "sales": {
   "label": "Sales",
   "unit": "pct",
   "data": [
    17.9,
    17.6,
    11.4,
    12,
    6.6,
    7.8,
    10.6,
    12.3
   ]
  },
  "non_operating_surplus_deficit": {
   "label": "Non-operating surplus / deficit",
   "unit": "pct",
   "data": [
    -36.4,
    -43.1,
    null,
    22.8,
    0.8,
    1.6,
    1.4,
    42.7
   ],
   "gaps": [
    "2013-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "of_which_imports": {
   "label": "of which, Imports",
   "unit": "pct",
   "data": [
    -2.3,
    7.8,
    null,
    15.1,
    -14.8,
    4.6,
    7.3,
    13.8
   ],
   "gaps": [
    "2013-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "ebitda": {
   "label": "EBITDA",
   "unit": "pct",
   "data": [
    9.5,
    14.5,
    15.8,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "dividend_paid": {
   "label": "Dividend paid",
   "unit": "pct",
   "data": [
    -23.7,
    53.4,
    61.8,
    15.4,
    -12.1,
    -26.4,
    44.4,
    44.7
   ]
  },
  "gross_value_added": {
   "label": "Gross value added",
   "unit": "pct",
   "data": [
    13.3,
    16.5,
    14.4,
    16.9,
    15.7,
    13.1,
    14.7,
    12.2
   ]
  },
  "net_value_added": {
   "label": "Net value added",
   "unit": "pct",
   "data": [
    13,
    17.3,
    14.4,
    14.7,
    17.3,
    14.1,
    15.2,
    13.1
   ]
  },
  "current_assets": {
   "label": "Current assets",
   "unit": "pct",
   "data": [
    null,
    17.5,
    10.6,
    12,
    9.5,
    10.1,
    9.3,
    9.3
   ]
  },
  "total_gross_assets": {
   "label": "Total gross assets",
   "unit": "pct",
   "data": [
    14.1,
    17.1,
    10.8,
    12.1,
    12.6,
    8.7,
    9.6,
    9.2
   ]
  },
  "value_of_production": {
   "label": "Value of production",
   "unit": "pct",
   "data": [
    18.8,
    18.3,
    11.2,
    11.6,
    6,
    7.6,
    10.7,
    12.4
   ]
  },
  "tax_provision": {
   "label": "Tax provision",
   "unit": "pct",
   "data": [
    5.8,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "total_net_assets": {
   "label": "Total net assets",
   "unit": "pct",
   "data": [
    13.6,
    16.9,
    10.8,
    11.6,
    8.4,
    9,
    8.6,
    8.1
   ]
  },
  "of_which_exports": {
   "label": "of which, Exports",
   "unit": "pct",
   "data": [
    2.1,
    11.2,
    null,
    26.7,
    9,
    5.4,
    -0.4,
    23.2
   ],
   "gaps": [
    "2013-04-01"
   ],
   "gapsNote": "No figure in this year's study for this item or cut (not published, or the cut had no companies); left empty."
  },
  "manufacturing_expenses": {
   "label": "Manufacturing Expenses",
   "unit": "pct",
   "data": [
    null,
    20.3,
    9,
    9.9,
    2.7,
    6.1,
    10.5,
    12.5
   ]
  },
  "profit_after_tax": {
   "label": "Profit After Tax",
   "unit": "pct",
   "data": [
    -25.3,
    10.2,
    14,
    12.3,
    13.9,
    16.9,
    17.6,
    23.9
   ]
  },
  "profit_retained": {
   "label": "Profit retained",
   "unit": "pct",
   "data": [
    -25.8,
    -1.4,
    8.7,
    12,
    16.8,
    36.3,
    15.2,
    17.4
   ]
  },
  "current_liabilities": {
   "label": "Current liabilities",
   "unit": "pct",
   "data": [
    null,
    19.4,
    9.4,
    12.9,
    7.7,
    10.2,
    9,
    7.3
   ]
  },
  "gross_fixed_assets": {
   "label": "Gross fixed assets",
   "unit": "pct",
   "data": [
    10.4,
    16.3,
    11.7,
    19,
    21.2,
    7.5,
    10.7,
    9
   ]
  },
  "operating_profit": {
   "label": "Operating profit",
   "unit": "pct",
   "data": [
    null,
    null,
    null,
    16.6,
    12.9,
    13.4,
    18.2,
    9.2
   ]
  },
  "net_worth": {
   "label": "Net worth",
   "unit": "pct",
   "data": [
    10.3,
    13.7,
    10,
    8.1,
    7.8,
    8.3,
    8.2,
    10.3
   ]
  },
  "non_current_liabilities": {
   "label": "Non-current liabilities",
   "unit": "pct",
   "data": [
    null,
    18.3,
    14.9,
    16.1,
    10.6,
    8,
    8.6,
    6
   ]
  },
  "long_term_borrowings": {
   "label": "Long term borrowings",
   "unit": "pct",
   "data": [
    null,
    17.5,
    16.7,
    13.6,
    11,
    7.5,
    9.3,
    5.7
   ]
  },
  "total_income": {
   "label": "Total Income",
   "unit": "pct",
   "data": [
    17.6,
    17.9,
    11.2,
    11.7,
    6.1,
    7.5,
    10.5,
    12.5
   ]
  },
  "operating_expenses": {
   "label": "Operating Expenses",
   "unit": "pct",
   "data": [
    19.7,
    18.7,
    10.7,
    11.1,
    5.3,
    7.3,
    10.3,
    12.6
   ]
  },
  "gross_saving": {
   "label": "Gross saving",
   "unit": "pct",
   "data": [
    -5.8,
    6.1,
    10.4,
    17.9,
    13.4,
    13.7,
    13.1,
    10.9
   ]
  },
  "gross_profit_ebit": {
   "label": "Gross profit (EBIT)",
   "unit": "pct",
   "data": [
    1,
    14.1,
    15.1,
    12.9,
    14.1,
    14,
    15.8,
    13.1
   ]
  },
  "profit_before_tax": {
   "label": "Profit before tax",
   "unit": "pct",
   "data": [
    -14.8,
    12.5,
    14.6,
    13.6,
    14.6,
    18.3,
    18.7,
    17.6
   ]
  },
  "inventories": {
   "label": "Inventories",
   "unit": "pct",
   "data": [
    15.2,
    15.9,
    10.4,
    11,
    8.5,
    7.5,
    6.1,
    10.5
   ]
  },
  "companies": {
   "label": "Number of companies in the study",
   "unit": "count",
   "data": [
    1741,
    1628,
    255426,
    237398,
    292308,
    406739,
    245333,
    229312
   ]
  }
 }
}