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India’s Credit Landscape in a Post-pandemic World

In: Contextualizing the COVID Pandemic in India

Author

Listed:
  • Rajeswari Sengupta

    (Indira Gandhi Institute of Development Research (IGIDR))

  • Harsh Vardhan

Abstract

In this paper we study the impact of the Covid-19 pandemic on the financial sector of the Indian economy, specifically on the banking sector, the non-banking finance companies (NBFCs) and the bond market, for the period March 2020 to March 2022. In order to set the context, we first summarise the conditions of the financial sector in the pre-pandemic period. We highlight the long-term structural trends and their underlying drivers that were conspicuous in this sector even before the pandemic. These issues have direct consequences for the manner in which the pandemic impacted the financial sector which is what we discuss next. Finally, we describe the way forward for the Indian credit landscape in terms of the major opportunities and challenges.

Suggested Citation

  • Rajeswari Sengupta & Harsh Vardhan, 2023. "India’s Credit Landscape in a Post-pandemic World," India Studies in Business and Economics, in: Indrani Gupta & Mausumi Das (ed.), Contextualizing the COVID Pandemic in India, chapter 0, pages 273-295, Springer.
    • Handle: RePEc:spr:isbchp:978-981-99-4906-9_13
    DOI: 10.1007/978-981-99-4906-9_13
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    as
    1. S. Mahendra Dev & Rajeswari Sengupta, 2020. "Covid-19: Impact on the Indian economy," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2020-013, Indira Gandhi Institute of Development Research, Mumbai, India.
    2. Ministry of Finance, Government of India,, 2017. "Economic Survey 2016-17," OUP Catalogue, Oxford University Press, edition 2, number 9780199477661.
    3. Rajeswari Sengupta & Lei Lei Son & Harsh Vardhan, 2022. "A Study of the Non-Banking Finance Companies in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2022-009, Indira Gandhi Institute of Development Research, Mumbai, India.
    4. S. Mahendra Dev & Rajeswari Sengupta, 2022. "Covid-19 pandemic: Impact, recovery, and the road ahead for the Indian Economy," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2022-016, Indira Gandhi Institute of Development Research, Mumbai, India.
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    More about this item

    Keywords

    G21; G23; G28;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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