Strong domestic demand and cost competitiveness in exports will help Indian companies to overcome uncertainties from global geopolitical changes and domestic policy-making, S&P global Ratings said today. In 'India Corporate Outlook 2017', S&P said healthy economic growth and falling interest rates should also benefit companies in the country. "While Indian companies are better placed than their global peers, we believe their ability to manage capital expenditure and quickly adjust to ongoing structural reforms in the country is crucial," S&P Global Ratings credit analyst Abhishek Dangra said. The key risk to revenue growth for the current fiscal is a short-term fall in demand due to the demonetisation-related cash crunch. "Our ratings on Indian companies factor in growing demand, continuity in government policies, and the proven execution capabilities of larger companies, which should support growth," Dangra said.

Source: dna January 18, 2017 08:14 UTC