Cos may see slump in revenue growth next two years: S&P

NEW DELHI: S&P Global Ratings on Tuesday said rated Indian corporates are likely to see slowdown in revenue growth over the next 12-24 months.

In a report titled 'Indian Corporate 2019 Outlook Time For Caution', S&P said, "India's central government elections this year may pose additional risks for Indian corporates. A change of administration may trigger expansionary government spending that pushes up borrowing costs or raises inflation".

Global risks such as stability of commodity prices and demand from the US and China will have a greater influence on the fortunes of Indian companies than domestic demand in the next year or two, it noted. "Revenue growth at Indian companies that S&P Global Ratings rates is likely to slow down over the next 12-24 months," it said.