World & BusinessFunding India's next generation of enterprises, not just near-term growth
The Economic Times reports that P K Mishra, the prime minister's principal secretary, called for credit assessments to shift from collateral to cash flows.
TLDR
The Economic Times reports that P K Mishra urged India's financial sector to fund the next generation of enterprises rather than focus only on near-term growth. The prime minister's principal secretary called for a shift from collateral to cash flows in assessing credit. He said the financial system would need to mobilise large amounts of capital for infrastructure, manufacturing, urbanisation, energy transition and innovation, with different forms of capital required for different needs.
Funding India's next generation of enterprises, not just near-term growth
The Economic Times reports that P K Mishra, the prime minister's principal secretary, called for credit assessments to shift from collateral to cash flows.
TLDR
The Economic Times reports that P K Mishra urged India's financial sector to fund the next generation of enterprises rather than focus only on near-term growth. The prime minister's principal secretary called for a shift from collateral to cash flows in assessing credit. He said the financial system would need to mobilise large amounts of capital for infrastructure, manufacturing, urbanisation, energy transition and innovation, with different forms of capital required for different needs.