Policy | Dissecting the economic slowdown in India

Money Control | Sep 18, 2019 at 11:38 AM
  • Most of the drivers of the current slowdown appear to be transient and related to channel financing/GST credit issues.
  • Ever since 2012, India’s earnings growth started decelerating arguably because the era of crony capitalism (during which promoters got easy money from Indian banks and/or global financial markets) ended with the unveiling of the 2G spectrum scam in 2010.
  • We are aware that several lenders are working on providing channel financing constructs which address the needs of dealers.