Foreign Company Profits Drop in Tdia

The scan: The Week v6 no8.pdf (PDF, Marxists Internet Archive, opens at this page)

Uncorrected machine reading. This text was read by machine (Tesseract OCR) from a scan of a stencilled typescript and has not been corrected. Expect misread words; titles in particular are often garbled where the issue printed no contents list. Quote from the scan, not from this page.
How this article was cut and titled: capitals heading; heuristic; title from the OCR of the heading.

(Financial Times) The profitability of foreign companies operating in India has been declining, but foreign-controlled rupee companies are sharing effectively in the general industrial growth and, in some cases, doing even better than Indian-owned companies, according to a special study by the Reserve Bank of Indiae The survey, which covered 225 branches of foreign companies, roughly 87% of this sector, revealed thet the sross wofits in relation to sales declined from 6.3% to 4.9%’ and in reistion to capital employed from 9.3; to 7.7% between 1962-63 and 1963—4. 0.2006 eeecooeethe increasing perticipation of foreign controlled rupee conpanies in India's industrial development is illustrated by the growth rates of production and sales = 13.%5 and 14.57) respectively. ‘The most impressive growth was in U.3. controlled companies - 20-22%; as conpared with the U.K. owned comtenies'! 11-12%.