The consumption story is showing signs of stress due to a decline in credit growth. But A Balasubramanian, MD, Birla Sun Life Mutual Fund, tells FE that the regulatory action by the Reserve Bank of India on non-banking financial companies and micro finance institutions was needed to ensure that the economy does not face any unpleasant surprises.
MF Query: How to deploy Rs 15 lakh lump sum investment in current market conditions
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