Amnish Aggarwal of Prabhudas Lilladher reports uneven consumer spending due to a mild summer. This impacts durables and staples. Capital goods and travel sectors are performing well. Pharma and healthcare are also showing good numbers. Power demand is down due to the weather. IRCTC’s technology upgrade will help in the long run.
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