India’s economy deep in ‘Modi-made crisis’: Congress on rising gold loans

India’s economy deep in ‘Modi-made crisis’: Congress on rising gold loans

Congress general secretary in-charge communications Jairam Ramesh cited the February RBI data and pointed out that gold loans had jumped a whopping 71.3%.

India’s growth can’t run on autopilot. Investors aren’t buying Modi's global bright spot hype

India’s economic growth is slowing, but the Modi government seems oblivious. Investors are wary as exports struggle and the Bilateral Investment Treaty policy adds uncertainty. Can reforms fix the crisis?

Do it yourself: Growth normalizing in a lower orbit

As per the latest national accounts data released last week, the economic growth of India appears to be normalizing in 6.5% +/- 0.3% band. Optically, this growth rate may appear decent; but is insufficient for achieving the target of catapulting the Indian economy into a higher orbit and sustaining the status of a middle-income economy.After recording a higher growth rate of 8.8% CAGR for three years (FY22 to FY24) on a low base of Covid affecte…

Retail Growth Slows, Gold Loans Surge: A Look at India's Lending Trends THE NEW INDIAN

NEW DELHI: The Reserve Bank of India’s (RBI) latest data for January 2025 highlights a continued slowdown in overall loan growth, which remains below 12% year-on-year (YoY). Among key segments, agriculture loans grew by 12.2% YoY, services by 12.5% YoY, retail by 11.8% YoY, and industry by 8% YoY. Retail loan growth has softened significantly, standing at ~12% compared to over 20% in previous years. Despite this deceleration, retail loans now co…