Economy

Animal spirits suggest tame start for India's economy in 2019

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Consumer demand was stunted with passenger cars and two-wheeler sales taking a knock in January. Sridhar V, a partner at Grant Thornton India LLP, attributed this to the higher cost of finance and a shortage of loans from India’s shadow banking sector that is still recovering from the effects of a default by a peer last year.

Sridhar V
Partner, Grant Thornton India LLP

This article appeared in Live Mint on 28th February, 2019