Indian Firms🏢 Better Placed👏 Than China's❗

  |   India News

By Shadowfax🐎

Global financial analysts🔍 and rating firm Standard & Poor's have said that India's top companies🏢 outperform their counterparts from China despite the infrastructure issues faced by the firms in India👏. An S&P analyst said🔈, "Our analysis of India's top 200 companies by market capitalisation against their Chinese counterparts shows that government influence is far greater for listed companies in China than in India." This is also influenced by the size of private sector in both countries😯. While 75% of the net debt and EBITDA (earnings before interest, taxes, depreciation and amortisation) of top-200 Indian companies is contributed by the private sector👍, in China it is only 20%🙆.

The agency further highlighted🔦 the infrastructure issues in the country - "In our view, poor infrastructure is among the biggest hurdles facing the Indian government's ambitious 'Make in India' programme that aims at turning the country into a top global manufacturing destination.👌" It also said that the revenue growth for India's top firms will improve📈 for a further 2-3 years.

🔍To know more about S&P, type: search standard & poor's

📲 Get India News on Whatsapp 💬