The Budget should give the signal that the government is going to be very bold; that the public sector banks will be put up for privatisation. -Arvind Panagariya, Former VC, says in FY20-21, we should get to above 6% growth rate and then we could jump back to about 8% or so. The financial sector is facing a massive NPA problem and this is a world-wide experience. It is not going to be a massive increase in growth rate in the second half of the current fiscal year. The credit expansion in private sector banks has held up a lot better.

Source: Economic Times January 25, 2020 09:45 UTC