The global commodity market is facing a downward cycle which has had a very severe impact on several economies, especially China. However, this has come to the rescue of India as the first quarter results show. As indicated by the aggregate operating profits of 156 companies listed on the Indian bourses, the Indian companies have grown at an impressive 17% year-on-year. The weakness in global commodity prices has been the saving grace, as the sharp correction in prices globally has helped India save on its raw material cost. China, on the other hand, is struggling with a demand slowdown as is evident from the lukewarm 2.6% rise in revenue.