Festive season and GST benefits will boost demand and bank credit growth: Naina Lal Kidwai

New Delhi [India], September 11 (ANI): Sluggish bank credit growth as compared to last year in India signals weak capital expenditure and low demand, highlighting cautious business sentiment and subdued consumer activity across key economic sectors, noted Naina Lal Kidwai, Chairperson of the Board and Senior Advisor, Rothschild and Co India Pvt Ltd.

"Bank credit growth has been slow and that's an indication of both the lacklustre capital expenditure environment and demand being low," she told ANI in an interview on the side lines of FICCI LEADS event in New Delhi.

However, Kidwai added that the upcoming festive demand and the latest reforms in the goods and services tax (GST) would lift the sentiments.