Understanding India’s Business Cycles: What the Research Tells Us
Understanding India’s Business Cycles: What the Research Tells Us This month, the macroeconomic conversation in India has centred on liquidity: year-on-year bank credit is expanding at 13.1% while deposits are growing at 10.6%. This has pushed the system-wide credit-to-deposit ratio to an all-time high of 82.2%. While these numbers might sound alarming and suggest signs of stress, research indicates they actually […]
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