Explained: Is credit risk aversion constraining economic growth?

The world has stepped into 2021 with hope for the future. For India, there has been intense speculation as to what letter of the alphabet the shape of the post-Covid economic recovery would take — a wide range has been predicted from U, V, W to even K! With vaccination now starting and segments of the economy showing resilience, there are good prospects of an economic recovery from 2021. India’s GDP growth rate had fallen to 4.2 per cent in 2019 even before Covid had struck the country, and efforts were being made by the government, in tandem with the Reserve Bank of India (R.....

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