New Delhi: While there will be short-term pain, Indian companies will be able to weather the storm. That was the verdict arrived at by Indian and global industry leaders on day one of the Indian Economic summit in the capital on Sunday.
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The results from the G-20 summit were keenly awaited. Almost all agreed for the need of greater financial coordination and transparency. There was an emphasis on greater capital market coordination as well.
The fourth and clear message given was that Indian companies were indeed well funded. ICICI’s KV Kamath said that liquidity was tight but Indian companies should be able to get funds going forward.