India Inc reported muted performance in the third quarter of 2022-23 due to subdued demand, weak consumption in rural India and poor performance of energy and metal companies. From the Nifty 100 universe, 93 companies reported an aggregate revenue growth of 18.2% y-o-y on a consolidated basis. This is the lowest in the three quarters of 2022-23, according to Reuters-Refinitiv. Overall consumption was hit by consumer inflation that remained