Capital spending by businesses posted a solid increase in the second half of last year, and orders and shipments for nondefense capital goods - key indicators of equipment spending - point to further sizable gains. Moreover, the tenor of anecdotes from the corporate sector has become comparatively upbeat, with corporate managers seeing stronger revenue growth and a much improved and more accommodative financing environment.
This would be possible only if banks strive towards offering more and more credit products to customers captured as part of the Financial Inclusion Plan and lower transaction cost by leveraging technology. The key is to establish an appropriate business delivery model through the involvement of all stakeholders to make Financial Inclusion a reality.