Domestic bottlenecks that have led to a pile-up of stalled projects contribute to half of the slowdown in India’s exports, according to estimates by HSBC. Even for services exports, 50% of the slowdown in growth comes from stalled projects. Debt quality index shows weaknessLeveraged Indian companies with high debt are not yet out of the woods in terms of servicing their borrowings, as shown by the CARE Ratings Debt Quality Index. After four months of stability, the index fell to 90.93 in September from 91.16 in August, indicating that quality of debt is still vulnerable. Domestic consumption of gems and jewellery wanesIndia’s gems and jewellery imports saw a remarkable slowdown in the first five months of fiscal year 2017 (April-August).

Source: Mint October 17, 2016 18:00 UTC