This is in sharp contrast to recent years when corporate credit, which accounts for 40 per cent of bank credit, grew very slowly
Healthy economic activity and budgetary support from the government would lift the bank credit growth by 200-300 basis points to 11-12% in the current fiscal ( FY23), according to CRISIL.
Krishnan Sitaraman, Deputy Chief Ratings Officer, CRISIL Ratings, “The biggest difference we expect this fiscal is the upshift in the corporate credit growth trajectory; we see it doubling to 8-9 per cent.". The Union Budget pegs public capex outlay at around Rs 7.5 trillion, a significant rise over last fiscal, with sharp focus on public infrastructure.
The downstream impact of this on core sectors, along with the Production Linked Incentive (PLI) scheme announced for 13 key sectors, will be the drivers. Sectors that should see the maximum growth, given their industry dynamics,
First Published: Apr 29 2022 | 3:18 PM IST