India Inc’s financial health has worsened

With many economists for foreign brokerage firms arguing that the stock markets are factoring in a BJP-led coalition after the elections, and assuming that it will act in a decisive manner and introduce bold new reforms, it is worthwhile to temper this with hard reality. Apart from the obvious fact that opinion polls and poll results are very different, and we are around 6 months away from the polls, the pertinent question is about India Inc’s ability to respond positively to future reforms, no matter which party/coalition comes to power in 2014.

Read Full Story>>