New Delhi, Jan. 31 -- Corporate India is riding a wave of record-breaking profits, but the tide isn't lifting all boats. TheEconomic Survey 2024-25 reveals this stark reality. While companies are raking in their highest earnings in 15 years, wage growth and job creation are lagging far behind, sparking concerns over rising income inequality and its impact on the economy.

In 2023-24, corporate profitability soared to its highest level since fiscal year 2008, with the profit-to-GDP ratio hitting 4.8%, more than double the 2.1% recorded in FY23. Sectors like financials, energy, and automobiles led the charge, posting robust earnings.But while corporate profits surged by a staggering 22.3%, employment grew by a meagre 1.5%, leaving millions ...