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Steady cash flow more crucial for Indian firms than access to tech: HSBC

India stood second behind Malaysia (at 42 per cent) where maintaining cash flow has been considered by businesses as a key barrier to building resilience, it said

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Valuing customers, maintaining a strong balance sheet and supporting a culture of innovation were the key attributes to building resilience as per the surveyed Indian businesses, it said.

Maintaining sufficient cash flow is considered more crucial in building business resilience, than gaining access to advanced technology, a survey by global banking major HSBC said on Tuesday. The British lender interviewed 200 Indian companies across revenue sizes, from the smallest to large ones, between April 28 and May 12 this year as part of the 14-nation survey. The findings come at a time when the Covid-19 pandemic has had an impact on economic activities, and due to the stress that it has caused, the Reserve Bank of India (RBI) has also announced a one-time restructuring ...