New industries’ role in India’s capital spending
The Economic Times reports that data centers and green hydrogen are driving credit demand, with companies favoring bank loans over bonds.
TLDR
The Economic Times reports that the State Bank of India chief credits new industries with fuelling India's capital spending cycle. The outlet says companies are increasing infrastructure spending because of better demand and growth prospects, while bank lending has grown significantly as businesses prefer loans over bonds. It also reports that SBI is using liquidity from diaspora deposits to support lending.
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