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Latest from credit crunch

Weathering the next global economic crisis

India’s macroeconomic defences remain a work in progress. The gaps in its defences could be exposed in the event of a big crisis

Over the past three years, government finances have improved. In a crisis, the government may be better placed to offer fiscal support now (Shutterstock)

opinion

Updated on Apr 03, 2023 07:07 PM IST

ByPramit Bhattacharya

Decoded: Why consumer borrowing is going up when people aren’t spending

Growth in consumption, or private final consumption expenditure decelerated to 4.1% in the first half of the current financial year. But Reserve Bank of India data shows that retail credit of banks grew 16.6% during the same period.

Most indicators show a fall in consumption, a sign that consumers are shy of spending. Take for instance, the fall in car sales, housing sales or even air travel. (Photo: Mint)

india news

Updated on Dec 27, 2019 07:38 PM IST

Hindustan Times, New Delhi | ByZia Haq

ADB cuts India’s growth forecast to 5.1 per cent for FY2019; projects 6.5 per cent for next year

The Reserve Bank of India last week in its bi-monthly monetary policy review has cut India’s GDP forecast to 5 per cent from 6.1 per cent citing weak domestic and external demand.

Pedestrians walk past stores in Zaveri Bazaar, Mumbai. ADB expects the growth to pick up to 6.5 per cent next year on supportive government policies.(Bloomberg)

business

Published on Dec 11, 2019 11:49 PM IST

New Delhi | ByPress Trust of India

Moody’s lowers India’s outlook to ‘negative’ from ‘stable’ citing lower economic growth

Moody’s affirmed the Baa2 foreign-currency and local-currency long-term issuer ratings for India.

business

Updated on Nov 08, 2019 09:22 AM IST

New Delhi | ByPress Trust of India

Indians begin pawning family gold amid credit crunch

Mandlik, who owns an 8-acre cotton farm in western India, pledged 70 grams of gold, almost all of his wife’s precious trinkets, in June in return for ₹1,50,000.

Indians’ penchant for gold spans centuries and is rooted in the Hindu religion. Households own an estimated collective 25,000 tonnes of gold, which passes from one generation to the next.(REUTERS PHOTO.)

india news

Updated on Aug 22, 2019 02:07 PM IST

Aurangabad/Mumbai | ByReuters

There is a clear investment push in the budget

A key feature of the budget speech was a big emphasis on foreign investment. But by increasing protectionism, the government took a step back

Financial sector reforms have seen small steps. A large disinvestment target has been set. But more reforms will have to be carried out(AFP)

analysis

Published on Jul 05, 2019 10:11 PM IST

ByIla Patnaik

A $23 billion manager sees sweet spot in India’s property crunch

A Bahrain-based investment manager wants to fill a vacuum in lending to Indian property developers that have $18 billion of debt to repay, aiming to capitalize on a credit crunch that’s narrowed their borrowing options.

Investcorp Bank BSC, which manages about $23 billion of assets, plans to provide structured lending to developers faced with borrowing constraints.(Bloomberg)

business

Updated on Feb 13, 2019 03:06 PM IST

Anto Antony | ByBloomberg

India’s world-beating economic growth cools as credit crunch hurts

Like elsewhere in Asia, growth in the country is coming off the boil as global demand wanes and trade tensions mount. While 7 percent-plus expansion still makes India a growth star, the more subdued outlook brings uncertainty to fiscal and monetary policy.

India's GDP growth slowed down to 7% during the April-June quarter.(Reuters Photo)

india news

Updated on Nov 30, 2018 08:55 PM IST

ByVrishti Beniwal and Anirban Nag Bloomberg

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credit crunch news

Latest from credit crunch

India’s macroeconomic defences remain a work in progress. The gaps in its defences could be exposed in the event of a big crisis

Growth in consumption, or private final consumption expenditure decelerated to 4.1% in the first half of the current financial year. But Reserve Bank of India data shows that retail credit of banks grew 16.6% during the same period.

The Reserve Bank of India last week in its bi-monthly monetary policy review has cut India’s GDP forecast to 5 per cent from 6.1 per cent citing weak domestic and external demand.

Moody’s affirmed the Baa2 foreign-currency and local-currency long-term issuer ratings for India.

Mandlik, who owns an 8-acre cotton farm in western India, pledged 70 grams of gold, almost all of his wife’s precious trinkets, in June in return for ₹1,50,000.

A key feature of the budget speech was a big emphasis on foreign investment. But by increasing protectionism, the government took a step back

A Bahrain-based investment manager wants to fill a vacuum in lending to Indian property developers that have $18 billion of debt to repay, aiming to capitalize on a credit crunch that’s narrowed their borrowing options.

Like elsewhere in Asia, growth in the country is coming off the boil as global demand wanes and trade tensions mount. While 7 percent-plus expansion still makes India a growth star, the more subdued outlook brings uncertainty to fiscal and monetary policy.

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