Mihir Vora (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Bank credit growth is necessary to rise if India Inc wants to sustain the revival in demand beyond December, when the immediate jump in consumption after tax cuts tapers off, according to Mihir Vora.

"Markets want to see whether bank credit growth picks up to the extent required. It has been a sore point for a while," Vora, chief investment officer of TRUST Mutual Funds, told NDTV Profit in a televised interview. "If the economy has to grow 6-7% then we need faster credit growth."

He said the consumption recovery seen after the income tax and GST rate cuts has been patchy and needs to be sustained beyond the third quarter. Bank credit growth will fuel private capital expenditure.

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