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The Indian approach of supply chain finance is outdated
April 24, 2017
- A rapid increase in options for small firms, and intermediaries willing to take on risk will put pressure on the large firms that abuse the smaller suppliers.
- Policymaking in India is subject to multiple demands, and often lacks focus as a result.
- Implementation is often hampered by inertia and lack of expertise.
- Both these conditions contribute to India’s economic performance being short of what it can and needs to be.
- In recent columns, I have been highlighting continued policy failures in higher education and how digital technology can help.
- Supply-chain finance is another very important illustration of these issues.
- The experience of developed countries shows the large firms will benefit in the longer run from changing their practices to make life easier for their suppliers.
