A worker uses a machine at an automobile spare parts workshop. (Photographer: Prashanth Vishwanathan/Bloomberg)
Operating cash flows across sectors have improved in the last 10 years with the formal businesses squeezing smaller, informal suppliers, according to Nischal Maheshwari. But that has repercussions.“Some improvement can be attributed to efficiency and technological advances but largely, it comes from credit periods going up,” the chief executive officer at Centrum Broking told BloombergQuint’s Niraj Shah in an interaction. “The formal...