Mumbai, Dec. 15 -- Indian companies look financially stronger after the Covid period, but they are struggling to find new growth opportunities because demand in the economy remains weak, according to a report by Nuvama.

The report said that India Inc's improvement in internal return on invested capital (I-CRoIC) after Covid happened mainly due to restructuring and cost control, and not because of strong demand growth.

This improvement phase is now largely over, with the five-year I-CRoIC settling around the high teens. However, demand growth has remained below 10 per cent year-on-year and has been slowing down further.

It stated "India Inc as of FY25: All dressed up, but nowhere to go India Inc's post-covid I-CRoIC improved owing to re...