Lower cost of capital is a shot in the arm for Indian companies
An analysis of 1,311 non-bank, non-finance companies by Care Ratings Ltd showed that their interest coverage ratio rose from two times in Q4FY20 to 7.1 times in Q4FY21
Post-covid stimulus packages ensured ample liquidity in the financial system. Along with rate cuts, this helped Indian firms reduce interest expenses and improve their ability to service loans.
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