UN Report on Indian Growth
According to a UN report, India’s informal sector got badly affected by demonetisation and may take further hit due to GSTIndia’s “output growth” is likely to slowdown to 6.7 per cent in 2017 from 7 per cent in the previous year
Report Name: UNCTAD’s Trade and Development 2017
Contribution of Indian Banking System in India’s Growth
According to the report, India’s growth performance depends to a large extent on reforms to its banking sector
And it is burdened with large volumes of stressed and non-performing assets, and there are already signs of a reduction in the pace of credit creation
Indian banks are saddled with NPAs of about Rs 8 lakh crore Since debt-financed private investment and consumptionhave been important drivers of growth in India, the easing of the credit boom is likely to slow GDP growth.
(A credit boom or “lending spree” is the rapid expansion of lending by financial institutions)
According to a UN report, India’s informal sector got badly affected by demonetisation and may take further hit due to GSTIndia’s “output growth” is likely to slowdown to 6.7 per cent in 2017 from 7 per cent in the previous year
Report Name: UNCTAD’s Trade and Development 2017
Contribution of Indian Banking System in India’s Growth
According to the report, India’s growth performance depends to a large extent on reforms to its banking sector
And it is burdened with large volumes of stressed and non-performing assets, and there are already signs of a reduction in the pace of credit creation
Indian banks are saddled with NPAs of about Rs 8 lakh crore Since debt-financed private investment and consumptionhave been important drivers of growth in India, the easing of the credit boom is likely to slow GDP growth.
(A credit boom or “lending spree” is the rapid expansion of lending by financial institutions)
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