RBI releases Data on the Financial Performance of NGNF Pvt. Ltd. Companies
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- Last Updated on 3 April, 2023
Latest from Taxmann
Press Release no. 2022-2023/1944; dated: 31.03.2023
The RBI has released the data relating to the financial performance of non-government non-financial (NGNF) private limited companies during 2021-22. The data is based on audited annual accounts of 9,659 companies that reported their financials in the Indian Accounting Standards (Ind-AS) format for three accounting years, from 2019-20 to 2021-22.
As per the data released, sales of NGNF private limited companies surged by 31.7% during 2021-22 after recording low growth of 3.6% in the previous year. Also, all the major sectors (viz., manufacturing, electricity, construction, and services), except mining and quarrying, recoded high sales growth as the economy moved on the recovery path during 2021-22.
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