“In FY22, for the larger part of the year, the economy was struggling with Covid. In FY23, we saw a significant improvement in the operating environment and the requirement of working capital, which went up significantly due to high commodity prices,” said Soumyajit Niyogi, director, India Ratings and Research. Higher credit demand from the real economy led to increasing money-market activity from financiers.
West Bengal plans incentives to spur industrial investments
The government is exploring off-balance sheet incentives like soft loans to keep the weightage on budget-dependent industrial promotion lower, the finance minister said. Concession on
August 24, 2026