The banks shared data with the parliamentary panel on transport, tourism and culture, which was looking at aspects of lending to the road sector.
Average yields on three-year rupee bonds rated BBB have risen 28 basis points this week, on track for their biggest weekly increase since 2018.
The inflation based on Wholesale Price Index was 1.55% in November 2020, and 2.76% in December 2019.
Transport woes are plaguing consumer & healthcare sectors that are dealing with a dearth of available shipping containers to move components & products out of Asia’s export powers.
Fitch said a combination of supply-side scarring and demand-side constraints will keep the level of GDP well below its pre-pandemic path.
The RBI governor also warned about the rally, citing the disconnect between the markets & the economy as well as expectations bad-loan ratios at lenders will almost double this year.
The optimism is stemming from the company’s capacity-expansion plans and potential to win more business as India cuts its reliance on Chinese suppliers.
Bird flu cases in 9 states & UTs means chicken farmers, who were barely starting to recover from Covid impact, are having to cull large numbers of stock a second time in 12 months.
According to the Index of Industrial Production data, manufacturing sector output shrank by 1.7%, mining output declined 7.3%, while power generation grew 3.5%
According to data released by the Ministry of Statistics & Programme Implementation, food inflation declined to 3.41% in December in 2020, compared to 9.5% in November.