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Macronomics: Credit Data Shows A Potential Industrial Revival and Green Shoots on Growth

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It’s been a while since we’ve looked at the macro. What bank credit data is showing is very interesting, and possibly a distance away from whatever we are seeing as “bearish” news on the investment landscape.

We’ll also cover what the RBI said in the credit policy today, and the impact of the rate cut

We are seeing a huge revival in credit growth. As much as it was languishing for years, (and in fact post demonetization it hit a low of 5%) it is back up to 15% growth year on year. This is the highest . . .

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