Fall is dramatic- Even RBI having to drag down GDP estimates for FY20, from 7.4% last Dec to 6.1% this Oct, a 130 bps cut in 9 months. What went wrong. I suspect flow of credit. Banks gave 1.8 lakh cr in non food loans Apr-Sep 2018, In Apr-sep 2019 they withdrew 1.29 lakh cr! https://t.co/Tlq8E3ZJf3
— Latha Venkatesh (@latha_venkatesh) October 16, 2019
via Twitter https://twitter.com/latha_venkatesh
October 16, 2019 at 06:45PM
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