Even then banks have a combined infrastructure loan portfolio of about Rs.6 trillion (US $ 110 bn), representing about 9% of the total bank assets in India of Rs.71 trillion (US $ 1.35 trillion). As against this, corporate bond market is around Rs.9 trillion (US $ 170 bn).
While U.S. consumption was weak in the first quarter of 2017, the data so far are consistent with a rebound in the current quarter. Moreover, financial conditions remain supportive of continued economic expansion despite some recent volatility.1 The ongoing progress in bringing Americans back into productive employment is especially heartening.