With little cash, India’s bread and butter companies see a long road to recovery — Quartz

Cashless Indians are giving consumer goods companies the jitters. From slashing marketing budgets to toning down growth estimates, the heavily cash reliant sector is scrambling to counter the effects of demonetisation. After witnessing sluggish growth following two consecutive years of low rainfall and competition from upstarts like Patanjali, things were only recently beginning to look…

via With little cash, India’s bread and butter companies see a long road to recovery — Quartz

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s