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A third of India Inc sees deterioration in financial health in June quarter: Report
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A third of India Inc sees deterioration in financial health in June qtr: Report
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New Delhi–The business risk environment in India deteriorated in the fourth quarter of FY 2021, according to a Quarterly Risk Transition Report by Rubix Data Sciences.
It noted that the Rubix GST Compliance Score of 2,292 business entities (22 per cent of the total number being monitored) deteriorated between Q3 FY 2021 and Q4 FY 2021.In the prior quarter, only 8 per cent of the business entities had witnessed a drop in their Rubix GST Compliance Score.
“This indicates a deterioration in the risk environment in India in Q4 FY 2021 compared with the prior quarter,” it said.
The report was prepared on the basis of 10,193 business entities from more than 35 sectors of the economy.