 "Moody's")
Benefiting from strong consumer demand and high commodity prices, Indian companies will show significant growth in EBITDA over next 12-18 months, according to Moody’s.
The rating agency, which has 22 Indian corporates under its scanner, said growing government spending on infrastructure will support the demand for steel and cement. Also, rising consumption, push for domestic manufacturing and benign funding conditions will support new investments.
The effects of supply chain disruptions will ease as semiconductor supplies ramp over the next few months, it added.
The steady progress in vaccinations against Coronavirus (Covid-19) will support a sustained recovery in economic activity. The
