India Inc is likely to witness a 22.8 per cent growth in the Profit-After-Tax margins in the current fiscal. The Centre for Monitoring Indian Economy (CMIE) in its latest report said that corporate sales growth will average at a meager 4.1 per cent in 2009-10. It says the manufacturing sector (excluding petroleum sector) would report a 24.3 per cent PAT growth mainly on account of low raw material prices and soft interest rates. CMIE further says that PAT of the financial and non-financial services would rise by 32.2 per cent and 20.4 per cent, respectively.According to the report, corporate India took a hit on its sales due to the fall in commodity prices, drying up of export demand and postponement of purchases by the domestic consumer following the global liquidity crisis.