GST, Festive Season to Boost Bank Credit: Naina Lal Kidwai

Sluggish bank credit growth as compared to last year in India signals weak capital expenditure and low demand, highlighting cautious business sentiment and subdued consumer activity across key economic sectors, noted Naina Lal Kidwai, Chairperson of the Board and Senior Advisor, Rothschild and Co India Pvt Ltd.

- TDG NETWORK

"Bank credit growth has been slow and that's an indication of both the lacklustre capital expenditure environment and demand being low," she told ANI in an interview on the sidelines of FICCI LEADS event in New Delhi.

However, Kidwai added that the upcoming festive demand and the latest reforms in the goods and services tax (GST) would lift the sentiments.