Corporate Sector

yahoo.comWP/04/64 Overview of the Indian Corporate heavens: 19892002 Petia Topalova © 2004 International Monetary Fund WP/04/64 IMF working(a) Paper Asia and Pacific Department Overview of the Indian Corporate Sector: 19892002 Prep bed by Petia Topalova1 Authorized for distribution by Kalpana Kochhar April 2004 lineation This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working paper describe research in progress by the author(s) and are published to elicit comments and to further debate. This paper uses firm-level data to essay the performance of Indias nonfinancial corporeal field since 1989 and appraise its financial vulnerabilities. While promising trends in liquidity, profitability, and leverage of the area emerged in the early 1990s, they experienced a reversal later on 1996. Nonetheless, most indicators were still at comfortable levels, and there is testify of improvement in 2002, the last year in our sample. However, a number of firms still face problems servicing their debt obligations, posing a risk to lenders.

In particular, the aggregate interest coverage of the corporate sector indicates that potential nonperforming loans of the corporate sector remain high. This underscores the remove for close monitoring of the corporate sector in the future. JEL smorgasbord Numbers: G20, G30, O53 Keywords: Indian corporate sector, Indian financial sector Authors E-Mail Address: petia@mit.edu 1 This paper was watchful while the author was a summer intern in the Asia and Pacific Department in 2003. The author is currently a Ph.D. candidate in economics at the Massachusetts plant of Technology. I would like to thank David Cowen and Kalpana Kochhar for their guidance and overall support. particular thanks are due to Shawn Cole for his helpful comments. -2Contents I. II. III.... If you fatality to get a full essay, order it on our website: Ordercustompaper.com

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