The strong cash flow generated by India Inc. in the past few years has supported capex plans and aided balance sheet deleveraging.
The healthy cash flow, coupled with domestic liquidity, has also helped the Indian firms to mitigate volatility in the external market. Such volatility is fueled by factors like rising global bond yields, strong US dollar and global growth concerns, which hindered the ability of corporate India to raise money from
. Read more on economictimes.indiatimes.com