India’s economy has taken many hits. Why hasn’t it cracked?

From Covid shocks to inflation risks, India’s companies have stayed resilient thanks to consolidation, tighter regulation, better data and more disciplined balance sheets.Credit analysts are generally a pessimistic lot. Their KRAs are often skewed towards avoiding risk rather than chasing rewards. Yet even the pessimists have been surprised by the “credit” resilience of the Indian economy and corporate sector over the past decade. The economy has successfully navigated Covid (remember that?), erratic monsoons, a personal loan and microfinance binge, and periodic volatility in demand. The question worth asking is: why?Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offers

Source link