In­dia Inc Hopes Govt Hits the Ground Run­ning

The Economic Times - - Markets & Finance - OUR BUREAU

In­dia Inc is hop­ing for an im­prove­ment in gover nance by the in­com­ing ad­min­is­tra­tion. Ad­min­is­tra­tive re­for ms could be the first, which should lead to an im­prove­ment in as­set util­i­sa­tions and re­duc­ing bal­ance sheet stress, which are some of the key take­aways of the Bar­clays in­vestor con­fer­ence held on May 21-23, post the elec­tion re­sults.

Com­pa­nies are also hope­ful of us­ing eq­uity is­suance to fill their fund­ing gaps in the near term. How­ever, they say an in­vest­ment cy­cle re­cov­ery could take some time and would be de­pen­dent on the early pol­icy moves by the govern­ment.

TCS re­it­er­ated that FY15 would be bet­ter than FY14. TCS, Glen­mark and Lupin con­ceded that rapid ap­pre­ci­a­tion of the cur­rency may pres­sure mar­gins while Go­drej is op­ti­mistic that the im­ple­men­ta­tion of a GST roll­out may bring about more ef­fi­cient sup­ply chains.

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