Financial conditions in India have recovered significantly after hitting the abyss in April: Crisil

Crisil said the central bank's measures have helped mitigate the large and broad-based economic damage caused by the pandemic. However, it made it clear that pockets of stress still remain, pointing to the weak bank credit growth, wider spreads on lower-rated corporate bonds, and fundamental pressures due to high government borrowing.

from Economy-News-Economic Times https://ift.tt/35FHaWX