Indian companies are in a good financial position due to the country's strong economic growth and the improved balance sheets of corporations, said S&P Global Ratings in a note. Despite challenges such as global economic conditions and higher borrowing rates, rising domestic demand and sector recoveries are outweighing the negatives. S&P predicts that India's economic growth will be the highest in the region, and strong onshore liquidity is helping to counterbalance tough external funding conditions.
