67 companies with total debt of Rs 5.65 lakh cr were either loss-making or didn't generate enough profit to cover interest cost in FY15
Historically, overall credit has grown at 1.6 times GDP growth
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
Despite a slowing economy, the Budget does not envisage any major stimulus through the budgeted fiscal deficit figures, said Goldman Sachs.
Three stockmarket experts give their best picks for the New Year.
Economists have said if a stimulus is needed it should be different from what was provided in 2008-09, when the economy faced the ripple effects of a global meltdown following the Lehman Brothers collapse.
The report said inflation is expected to remain below 5 per cent over the two years.
Cash-rich Central Public Sector Enterprises (CPSEs) have to either invest their surplus funds or give it to someone for investment purpose, Finance Minister P Chidambaram has said.
The finance ministry has short listed 11 PSUs for a possible buyback of shares in the ongoing financial year
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
The excise duty collection grew by 81 per cent in first quarter against the budgeted 21.7 per cent.
'The quick fixes have failed; there is now no alternative to deeper reforms,' says Ajay Shah.
Barclays' assessment of 35 major cities on various socio-economic parameters suggests that mass transit rail systems should be a high priority in 12 cities with bus rapid transit systems acting as feeder services.
The Indian economy is likely to benefit from tailwinds from both monetary and fiscal policy in the coming month
Private sector investment is likely to improve mildly in H2 of FY17, even though signs from investment data are not encouraging.
Officials said the government had no option but to cut spending.
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
'The government must keep bad news out of the newspapers. If you have news about a fight everyday, it is not a climate where investment takes place.'
Oil India is set to usher in a new era with a road map drawn to ramp up production and diversification plans to foray into liquefied natural gas
Macro and micro environment are becoming more challenging.
Govt looks at more taxes, dividends to meet deficit target.
However, the budget arithmetic is slightly optimistic.
Encouragingly, the recovery also appears to be becoming broad-based
'We think FY18 will end with a 10 to 12 per cent earnings growth, but FY19 will see a recovery to over 15 per cent.'
India's manufacturing sector witnessed a modest growth in May, but going ahead "weak demand conditions" may persist.
Raghuram Rajan's 'surgery' uncovers more bad loans
However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.
The government has spent a little less than one-third of the Budget estimate of capital expenditure, it can still spend about Rs 20,000 crore this year without disturbing its fiscal deficit target.
Lower revenue collection puts upward pressure on government borrowing, ensuring that it deviates from the glided path of debt reduction
Corporate India at present is more indebted than all state govts put together.
UBS reiterated its Nifty target of 9,200 by December as it expects growth to gather steam
'You can't take money from Shaktikanta Das (the RBI governor) and give it to Nirmala Sitharaman (the Union finance minister). She will blow it away on Modi.'
Stockmarket Gurus Raamdeo Agrawal, Manish Gunwani, S Naren and Nilesh Shah discuss their favourite themes for the New Year.
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
Footfall at malls are down 20-25 per cent in the past couple of years.
An asset swap can simultaneously boost public investment, reduce the fiscal deficit and keep fiscal policy from being pro-cyclical.
'The number of first-time investors into MFs can grow four times more than the current rate if we are able to accept the bank KYCs.'
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