A Close Look - Credit Compendium

In this report our analysts take a close look at corporate India’s financial health, with sector specific analysis, to form our view on corporate credit and the sectoral trends ahead. Factoring in the macro environment, our analysts try and present their base-case forecasts, assumptions, and key challenges for what would be a year when the lag effect of tighter policies of 2022 will play out in the global economy.

We remain optimistic on the steady pickup in credit growth amidst healthy bank and corporate balance sheets, healthy financial services sector, return to normalcy of tourism and hospitality sector, healthy pick up in construction and still strong, although declining, fiscal support. For corporate India this will be a year of navigating the crosscurrents as fundamentals remain strong, domestic demand continues to be steady, but macro headwinds prevail.