Conditions to improve for India Inc in 2021 as economy revives: Moody's

The earnings of most Indian companies will grow in 2021 as demand starts to recover following a sharp slump, supporting deleveraging, according to rating agency Moody’s.

Financially strong companies will maintain good access to funding, while speculative-grade issuers will face challenges.

Conditions will improve for Indian corporates in 2021, as economic activity gathers pace post-lockdown and earnings grow on the back of widespread demand revival across sectors.  This underpins Moody's Investors Service's “stable” outlook for Indian corporates in 2021.

Broad-based demand revival and a low base in 2020 will support strong GDP growth of 10.8 per cent in India in fiscal 2022 ending