The Reserve Bank of India (RBI) reported that net sales of non-financial private companies grew by 11.4% in the fiscal year 2024-25, a slight decrease from 11.7% in the previous year. This data, based on audited accounts of 15,919 companies, highlights a robust performance in the services sector, which saw a 13.5% increase in sales, driven by growth in wholesale and retail trade, real estate, and transport services. In contrast, the manufacturing sector experienced a modest growth of 9.2%, down from 9.4% in FY24. The total paid-up capital of these companies stood at ₹8,44,198 crore (approximately $102 billion USD), representing 40.3% of the total paid-up capital of non-government non-financial private limited companies. Additionally, operating expenses rose at a higher rate, influenced by manufacturing costs and employee remuneration. Despite these challenges, both operating profit and profit after tax continued to show double-digit growth, indicating resilience in the sector.