Private cos see 23 pc fall in stress levels

Economic Times 25/03/2010

Renewed confidence in growth and stability in the capital market has helped lower stress levels at privately-held Indian companies by 23 percentage from mid-2007 levels, the Grant Thornton International Business Report said. Only about 56% of around 500 participants in the survey said the stress levels increased in 2010, compared with 79% in 2007, said the report prepared by Grant Thornton, an accounting, tax, and advisory firm. “Low stress will mean better decision-making and more focus on business,” said Anupam Kumar, associate director for privately-held business solutions at Grant Thornton India.