Letters: Prevent lapse

T N Ninan’s article, “Economy at the cusp” (March 25), rightly reflects positive macroeconomic developments. More significant game changers would obviously be the enlarged base of the formal economy due to demonetisation and the goods and services tax.
 
Formation of differentiated banks, thrust on digital banking, financial inclusion and resurrection of the banking system by finding an appropriate solution for bad debts will make banks stronger for accelerated credit linkage.
 
The sluggish credit to GDP ratio needs to be raised to harness the full potential of the enterprises. Moving away from bank credit is not a good sign