Budget 2018: Top CFOs On How India Can Return To Confidence
What can Budget 2018 do to restore the confidence of Indian consumers, businesses and the economy at large?
BloombergQuint's Menaka Doshi speaks to JSW Steel Ltd. Joint Managing Director and Chief Financial Officer Seshagiri Rao, Mahindra & Mahindra Ltd. Group CFO VS Parthasarathy, and Larsen & Toubro Ltd. CFO R Shankar Raman to discuss possible solutions.
Rao of JSW Steel Ltd. said there are two issues decreasing demand in the market. The first he said was that there wasn't “enough liquidity because banks are not lending to small and medium enterprises”. The second, he added, was that rural demand has been "waning day-by-day" and that distress needs to be removed.
Raman suggested improving cash flows of firms to bring back demand.
If we want demand to return back to its robust self, this cash to cash cycle of all commercial entities need to improve.Larsen & Toubro Ltd. CFO R Shankar Raman
You can watch the discussion here.