"The post-pandemic surge in pent-up demand has faded, monetary policy is tight and the RBI's macroprudential crackdown on unsecured, frothy credit is being reflected in the slowdown in personal loans and lending growth by non-banking finance companies," the brokerage said.
This is crap of a report from Nomura!! It's pure bullshit biased agenda that some of such firms have been doing it for a while now.
The months that Nomura report has mentioned have always been slow moving for Indian economy. There are a few years when these months may also be economically exuberant if only there's a wedding season going on here. But this year there's no wedding season nor there are any big festivals and that's enough to slowdown the Indian economy a bit. Weddings and Festival are big drivers to demand here.
Don’t trust, verify—always the Bitcoin way!
These mainstream firms often push narratives that suit their own agenda, and it’s no surprise that reports like Nomura’s can seem loaded with bias.
The only real measure is what you can observe and verify for yourself. As a Bitcoiner, trust your research, your data, and your principles. :)
Real economy, or in fake fiat terms?
Denominated in soon irrelevant USD, or all the BRICS currencies they already use for trade, which again will lead to these going up in real terms?
Modeling and measuring shit ain't gonna be easy going forward, especially from within echo chambers, regardless of which one that might be!