Madhurima

Private Sector Profits Soar, Workers' Wages Stagnate

A recent FICCI-Quess report highlights a glaring dichotomy within the Indian economy: while private sector profits have skyrocketed, employee wages have stagnated or even declined. The Federation of Indian Chambers of Commerce and Industry (FICCI), which describes itself as the voice of Indian business and industry, partnered with Quess Corp, a business service provider, to present these findings. The report’s origin is worth noting, as it frames the issues through the lens of the corporates.