On the other hand, credit demand in the private sector seems to be declining slightly faster due to a decrease in business fixed investment while firms continue to reduce their debts. In view of this, private banks’ lending remains sluggish.
Tough but fair criticism of my own research efforts at various Annual Review Seminars has been instrumental in my own development, and has enhanced my ability to systematically examine issues, assisted by a range of formal tools even while acknowledging limitations on existing range of information.