Opinion | What a look at the long waves of India’s credit cycle could tell us4 min read 22 Oct 2019, 10:27 PM IST
Bank lending should normally outpace nominal GDP in an emerging economy, but that’s not the case in India right now
The length of the average Indian financial cycle is 15 years, according to recent research by economists at the Reserve Bank of India (RBI). There was thus good historical reason to hope that the financial downturn that began around seven years ago would bottom out soon. However, the silver linings seem to be getting blurred again.
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