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There was a recovery in 2016-17 and 2017-18 but that seems to have reversed last year, with inflation-adjusted sales revenue growth falling from 4.5% in 2017-18 to 3% in 2018-19.

Private sector salaries logged slowest growth in a decade

Hindustan Times, New Delhi | By Vineet Sachdev
UPDATED ON AUG 21, 2019 07:32 AM IST
It is also the first time in seven years that the share of salaries in sales revenue has come down.
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