Its not just infrastructure loans, overall lending to industry too has shown a reviving trend after staying in the negative for two consecutive years. In the first nine months of financial year 2019, credit growth to infrastructure sector stood at 10.8 percent, growing at double digits after a gap of four years. In financial year 2018, credit growth to infrastructure …
The widening of the fiscal deficit has re-emerged as a cause of concern for the Indian economy. As per a recent Reserve Bank of India report on state government finances, the consolidated fiscal deficit of the state governments in FY18 was 3.1%, against the budget estimate of 2.7%. While the state governments’ expenditure commitment has increased over time in line …
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