Why is India’s GDP growth so high but bank credit & consumption are slack? Asks Swaminathan Aiyar

Swaminathan Aiyar, Consulting Editor at ET Now, highlights the puzzling scenario of high GDP growth in India alongside stagnant bank credit and consumer spending. The strong domestic investment in stock markets, inflation concerns, and potential adjustments by the RBI are discussed amid questions on the accuracy of GDP data or anticipation of a future consumption boost. Swaminathan Aiyar, Consulting Editor at ET Now, highlights the puzzling scenario of high GDP growth in India alongside stagnant bank credit and consumer spending. The strong domestic investment in stock markets, inflation concerns, and potential adjustments by the RBI are discussed amid questions on the accuracy of GDP data or anticipation of a future consumption boost.  Economic Times