The rating agency's outlook also factors the projected lowering in the general government debt, and continued focus on fiscal consolidation
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Drivers of this recovery are rising per capita income, rapid urbanisation, a thriving real estate market and greater hygiene awareness following COVID-19.
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The report highlights that the emergence of new fintech players, supported by Non-Banking Financial Companies (NBFCs), has led to greater penetration of consumer credit, thereby accelerating the growth of unsecured loans
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There is a growing discussion on need to monitor the end-use of funds by NBFC, says CareEdge Ratings
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In a post on his X timeline, the India G20 Sherpa asserted that the country, which is the world's highest in terms of population, generates 20 per cent of the world's data
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