The export ban on non-basmati rice is expected to aid basmati producers through higher realisation and lower working capital requirements, says Ind-Ra.
India Rice Export: The export ban on non-basmati rice is expected to aid basmati producers through higher realisation and lower working capital requirements, says Ind-Ra.
As per the data for large NBFCs ( assets under management or UM of Rs 10.3 lakh crore as of March 2023), the AUM grew 19% yoy in FY23, compared to 3.3% and 9.6% in FY21 and FY22, respectively. "The revival in pent-up demand, which was dormant during the pandemic, led to the robust growth in the portfolio of NBFCs, despite the headwind of higher interest rates" India Ratings said in a report.
The sharp surge in unsecured lending has more observers highlighting risks and advising caution. After credit bureau TransUnion Cibil flagged concerns over the sharp rise in unsecured retail advances by banks and NBFCs, now rating firm India Ratings (Ind-Ra) has called for higher capital buffers and close monitoring of unsecured advances by non-bank lenders.
The economists said a percentage point increase in real wages leads to a rise in GDP by 0.64 percentage point. So, if inflation were to fall from 5.3% (current projection for Ind-Ra) to 4.5% in FY24, it could lead to real wage rising to 4.4% from 3.6% and GDP growth settling at 6.4% compared to projected 5.9%.