CARE Ratings

Bank Credit At 10pc Compared With 4.7pc last year; So Where Has All The Credit Gone?

As of Dec 22, 2017, the year-on-year growth in bank credit has been stronger at 10.7% compared with 4.7% last year. This is a positive sign which if sustained could point towards a recovery in terms of demand for funds for investment purposes. Further, with o/s CPs (December 15) being higher also by 21% compared with 4.7% last year, the sum of bank credit and CPs has grown at a higher rate of 11.2% on a yearly basis for the period ending Dec 22, 2017

India GDP Growth: Q1-FY18 Expectations

The progress of the economy in the first quarter of the year is partly known in terms of information on aspects of industrial production, government activity, and banking. Growth in other components of India GDP like agriculture, construction, trade, transportation etc., is still unclear…

India’s Economy Presents A Mixed Picture, Albeit With A Positive Tilt

A review of the economic performance in the first quarter of the fiscal presents a mixed picture. While on some counts such as foreign inflows, currency, forex reserves, industrial output, inflation the performance has been encouraging to positive, for many indicators such as borrowings and trade balances there has not been a noteworthy improvement so far.

If BREXIT Happens…

BREXIT is an event which will dominate the headlines on 23rd June. Britain is to hold a referendum whereby the citizens will decide whether or not the country should be a part of the European Union. How will India be impacted?