With India’s economic growth now facing critical evaluations, the effects of credit easing and GST cuts are being closely monitored. Global strategist Chris Wood foresees a silver lining for India’s economy, especially if the AI trends shift. Meanwhile, the IT services sector is encountering a drop in revenue streams.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an