Retail in Asia

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Staff costs of Indian companies rise even as profit growth slows

Employee costs for Indian companies continue to grow at a fair pace even though their profit growth is showing signs of moderation.

In the latest June quarter, the employee costs of 2,987 listed companies increased 15.7 percent compared with the same period last year.

Their net profits grew only 6.7 percent. In the preceding March quarter, employee costs expanded 21 percent as net profits grew 31 percent.