Indian economy is resilient... changes in bilateral trade are a huge opportunity, says Crisil CEO

For those wondering why private sector capex is not visible, here's an answer - it has reached a critical stage from where it is beginning to flow - said , CEO at Crisil, the biggest rating company that has the pulse of the Indian corporate world..

The latest GDP growth numbers surprised everyone..

I think at this point in time, with all the things which have happened from the geopolitical side, what's happening from the perspective of friendly relations between countries presents a huge opportunity for India...

We expect manufacturing as a percentage of GDP to grow because we are seeing a huge impetus there - it's 17.5% of GDP and likely to go to 20% as far as we think.. Crisil estimates that 30-35 lakh crore of debt will be needed to be funded by the private sector alone for capex..

What we are seeing so far is that it might have a few basis points worth of an impact on the growth in the retail credit side, which is unsecured credit..

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