India Inc Corporate Debt

There was also an uptick in companies' gross debt-equity ratio on higher borrowings while profits declined for several companies last fiscal

Profitability and cash reserves have halved since the global financial crisis

A large part of India's corporate debt has turned risky in the last decade, according to a recent McKinsey report

Seshagiri Rao pointed out a clarification on immunity to corporate debtor was required as there could be claims from other departments of govt which could eventually result in some problem

The Indian government reported on Aug 31 that annual GDP growth in the quarter ended June dropped to 5.7 per cent