Prime Minister Narendra Modi shared significant insights from the Economic Survey, highlighting major growth in non-fossil fuel power generation, global services share, private spending, and credit for small farmers. Additionally, India witnessed substantial growth in highway development, women’s patent filings, and improved rural power supply over the past decade.
Patchy rains may hit rural lending, banks stay cautious
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong