UPSC Practice recommends Revival in capex likely to push overall credit growth to over 15% in FY24: Study.
The study expects growth to moderate somewhat in the second half. Private investment will pick up when there is visibility in profits over the near-to-medium term. Thankfully, corporate balance sheets are deleveraged (as companies paid off costly debt when interest rates were low) and public sector banks have cleaned up their books, enabling them to lend afresh.
Courtesy: Opinion-Economic Times