Posted 3/31/2024, 4:46:00 AM
Banks' Lending Choices Stifling Growth; Thar Coal and Fiscal Reforms Key to Affordable Energy and Industrial Expansion
- Banks focusing lending to government over private sector, stalling economic growth
- Need for long-term financing to support infrastructure and industrial projects
- Indigenous Thar coal cheaper than imported coal, can reduce electricity costs
- Scaling up Thar coal can reduce imports, save foreign reserves, and spur growth
- Need fiscal reforms and affordable energy to enable sustainable industrial growth
