Inflation is expected to pick up once the government begins spending for the year starting April 1
Signalling continuation of the growth momentum, industrial output expanded by 7.1 per cent in December on robust performance by manufacturing and capital goods, Central Statistics Office (CSO) showed on Monday. Retail inflation, on the other hand, eased marginally in January to 5.07 per cent – after touching a 17-month high of 5.21 per cent in December – as food price rise showed some moderation.
Exposure to large corporates in power, steel and infrastructure sectors will continue to be the greatest risk to the asset quality of Indian banks
GST is expected to improve ease of doing business and facilitate growth in the medium-term, the Manila-based bank said