In its Trade and Development Report 2018, the United Nations agency on Wednesday said huge volumes of bad debt in the banking set risked derailing credit expansion and ultimately investment and economic growth.
"Growing demand for exports has led to a moderate recovery in industrial production although the effects of demonetisation are still evident in private consumption trends within the economy," the report pointed out. It added that while the resulting increase in capacity utilisation has helped the manufacturing sector, a continuous deceleration in growth has plagued the primary sectors.
No comments:
Post a Comment