Big Businesses Thrive While Smaller Firms Struggle in Pandemic Year

Profits of large established businesses surged in FY21 despite economic contraction. Gross corporate income rose 30% led by companies with over ₹500 cr income.

Smaller companies saw income contract or stagnate in FY21. Larger firms better withstood pandemic due to supply chains, logistics.

Experts attribute rebound after initial lockdown for limiting overall impact. Base effect and post-covid boost also lifted growth.

Personal income tax filings rose in FY21 but doesn't reflect pandemic impact on non-filers.

Overall income of businesses and individuals grew over 14% in FY21 to ₹69 trillion.