16 out of 23 Indian corporates need $70-100bn annually for growth, refinancing, and shareholder payments, according to Moody's.
Moody's reports high capital requirements for Indian corporates, mainly due to capacity expansion and inorganic growth spending, with 16 out of 23 rated companies needing $70-100bn annually for growth, refinancing, and shareholder payments. While domestic liquidity and internal cash flows can cover part of their needs, offshore funding remains crucial. Capital spending will stay high as corporates expand to meet strong consumption growth.
May 30, 2024
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