Revenue from export of shrimps is expected to dart up 20% on-year to about $4.3 billion in calendar 2021, driven by a revival in demand and restoration of supply chains that were disrupted last year by the Covid-19 pandemic. That should help India wrest global leadership in shrimp exports after slipping to the second spot … Read more
Credit demand is set to accelerate with the rollout of vaccination and the government’s investment thrust, the RBI said in a report. The collapse in loans demand is more due to Covid related issues like lockdown and that would get rectified as unlock trade progresses. “Credit offtake is expected to pick up as the economy … Read more
Financial conditions in India have witnessed a speedy recovery from the COVID-19 pandemic-led “harrowing abyss” courtesy the Reserve Bank’s interventions, domestic credit rating agency Crisil said on Wednesday. While easy global monetary policies have helped, the RBI‘s accommodative stance has contained short-run pressures no less, the agency said, citing its newly-launched monthly Financial Conditions Index … Read more
While rating agencies ICRA and CARE Ratings have lowered their expectations further, others such as HDFC Bank and State Bank of India Research are in the process of revising their estimates. ICRA changed its 5% contraction estimate to 9.5% and CARE to 6.4% from 1.3% shrinkage earlier. Source link