Public foreign direct investment (FDI) companies performed relatively better compared to their private counterparts during the three-year period from 2005-06 to 2007-08, with an average profit margin of 13.9% against 9.8% in the case of private companies. The overall performance of FDI companies was better than that of non-FDI companies, with average sales to gross fixed assets ratio of 153.4% compared to 133.4% for the non-FDI group. The FDI group also posted a higher average profit margin of 13.6% compared to 12.5% for the non-FDI group.
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Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.