India Inc may not have done well in terms of Profit After Tax (PAT) growth in the previous fiscal, but FY10 could see it clocking a robust growth rate of over 77 per cent in PAT, an economic think-tank has projected in its latest report.

"India Inc is expected to post a robust 77.9 per cent growth rate in PAT in 2009-10," the Centre for Monitoring Indian Economy (CMIE) said in the report. This would be substantial growth, considering that the December 2008 quarter witnessed a sharp 39.7 per cent decline in PAT on account of a sudden and steep fall in commodity prices, poor export demand, high cost of borrowings and inventory losses incurred by a host of companies, the report said.