May you live in interesting times, goes the apocryphal saying.
India Inc is indeed living in one, having seen through two years of the pandemic, and is now beholding a war in Europe and crude oil prices touching 14-year high.
This testing period also saw many companies turning resilient.
CRISIL Ratings' outlook on the credit quality of corporates improved from 'negative' at the beginning of pandemic to 'positive' in the previous edition of our Ratings Round-Up.
Today, companies are on a surer footing given improved balance sheets, even as the Russia-Ukraine war tests economic recovery that was being assiduously achieved.
We expect India's GDP to grow 7.8% next fiscal, aided by robust growth in exports, and availability of fiscal space to ramp up capital spending.
The world has begun 'living with the virus' and reverting to pre-pandemic regimen, with curbs even on international travel fast easing.
That said, some challenges persist. Inflationary pressure from surging commodity prices, and prolonged supply-chain disruptions could moderate the margins of India Inc in the near to medium term.
In this milieu, we invite you to a webinar where experts from CRISIL Ratings will discuss:
Key credit quality trends in the second half of this fiscal, and their primary drivers
Sectors that did better than the rest
Sectors vulnerable to the ongoing geopolitical strife in Europe
Credit quality outlook for fiscal 2023
The presentation will be followed by a Q&A session with the leadership team of CRISIL Ratings.
Disclaimer: This event and its content are intellectual property and confidential information of CRISIL. Any use of the same without written permission of CRISIL is illegal and hence punishable. Recording the webinar in any form in full or part or copying, altering, distributing or streaming the webinar is strictly prohibited and violation will attract legal action.
