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Lending to small units fell in Q1, says MSME report

-The Hindu Business Line Credit risk is building in auto MSMEs, says Pulse report Mumbai: There was a marked slowdown in commercial credit growth in the quarter ending June 2019 along with a marginal deterioration in asset quality, according to the seventh edition of TransUnion CIBIL-SIDBI MSME Pulse Report. The total on-balance sheet commercial lending exposure in India declined to Rs.63.8 lakh crores in June 2019 from Rs.65.5 lakh crores in March 2019....

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The strange case for India's macroeconomic exceptionalism-Shankar Sharma & Devina Mehra

-The Business Standard   The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...

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