Declining costs, robust demand to support Indian Inc earnings: Moody’s
Falling key raw material costs, robust domestic consumption and sustained government spending on infrastructure will support earnings of India’s non-financial companies, Moody’s Investors Service said. Earnings before interest, taxes, depreciation and amortisation (EBITDA) of Indian companies rated by Moody’s will grow 5%-10% over the next two years as prices of key raw materials like crude … Read more