India’s small businesses are getting crushed under a mountain of receivables10 min read . Updated: 07 Jul 2021, 09:54 AM IST
- By one estimate, India’s small enterprises are owed ₹15 trillion in outstanding dues. Is there a solution?
- Many companies borrow from informal sources at high interest rates in order to meet immediate working capital needs. Since they have to keep borrowing, it’s a cycle of perpetual debt