Indias per capita
income is projected to rise by 10.4 % to.74,920 in 2013-14 as the country
becomes a $1.7 trillion economy.
Per capita income is
calculated by dividing the national income by the countrys population.The focus
on retail will remain for next several quarters even if companies start
borrowing more term loans when the economy turns around, says UCOs Mr. Kaul.
The retail market is
expanding very fast with higher financial penetration and rising purchase
power. What banks need to do is to optimise their portfolio between retail &
corporate credit because capital will remain a major concern for next few
years.
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