India Inc staring at another challenging year in FY17:India Ratings and Research

1018 reads

Domestic ratings agency India Ratings and Research today said external risks are likely to make the upcoming FY17 a "challenging" year and pre-tax profit growth for top companies is unlikely to hit the double-digit mark. 

The agency in its outlook for 2016-17 said the fiscal will "remain a challenging year for corporate India... external risks could derail fragile recovery." 

It estimated that pre-tax profits of the top 500 corporate borrowers to grow by 7-9 per cent and added t ..