Shoring up against ocean of turmoil

UPSC Practice recommends Shoring up against ocean of turmoil.

RBI sees a broadening of economic activity in high-frequency indicators and expects the investment cycle to turn with manufacturing capacity utilisation levels above the long-term average. Bank credit growth has almost tripled in the preceding 12 months and companies have the capacity to absorb loans. Demand for contact-intensive services is strengthening.

Courtesy: ET Editorial-Opinion-Economic Times

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