Expect earnings downgrade to continue specifically after Q4: Rakesh Arora
Data is showing that commercial loans, even personal loans have taken a big hit, meaning loan growth is going to be negative. India still is doing reasonably okay because interest rate hikes were not that severe as what we saw in US and so we have till now come out a little bit unscathed but more rate hikes definitely is going to impact demand even in India also.
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