Weak monsoon unlikely to dent rural demand, Crisil says; Diamond, specialty chemicals, polyester textiles face war risks
Crisil reported that rural demand will remain stable despite weak monsoon conditions caused by El Niño, as non-crop incomes constitute over 40% of farm output. The agency also noted that geopolitical tensions from the US-Israel war will not significantly affect corporate India's credit outlook, with credit ratios improving. Looking ahead, banks may see a slight rise in non-performing assets by fiscal year-end.