Best of BS Opinion: Stagnating exports, tightening lending standards

The Asian Development Bank (ADB) lowered its forecast for India's economic growth in the current financial year to 5.1 per cent. ADB, in its report,  noted that “foundering of a major non-banking financial company in 2018 led to a rise in risk aversion in the financial sector and a credit crunch.”

Business Standard Opinion pieces for the day, among other things, focus on what can be done to revive economic growth.  

There is a great deal of debate in the media and other fora on how to revive the main components of aggregate demand such as consumption and investment, and