Many Indian SMEs May Go Under

Small and midsize Indian companies will bear the brunt of a global recession, a bankruptcy expert says

The global financial crisis and recession in developed economies have hit the Indian economy hard. Companies are feeling the heat of dwindling orders, and large-scale job cuts look likely. Sumant Batra, a leading bankruptcy expert and vice-president of INSOL International believes that the SMEs would bear the brunt of the current downturn. Excerpts from a conversation with ET.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.