Can India Inc strong balance sheets nudge investments?3 min read 06 Jun 2022, 08:37 PM IST
The improving business sentiments may prod companies to deploy their ample reserves to build new capacities but they are expected to tread with caution
When the pandemic threw challenges early on, India Inc. turned into balance sheet repair mode, pouncing on low interest rates and surplus liquidity. The debt-retiring spree helped shrink the combined gross debt by 12% in 2020-21, shows a Mint analysis of a sample of India’s top listed firms. However, borrowings have again increased 31% in the year that ended on 31 March, latest data shows.
Select your Category