An analysis of corporate lending cycles of 2 of the biggest private sector banks threw up an interesting geographic fact. More than 85% of all corporate lending of these banks was limited to just 3 underlying geographies representing less than 1% of India's landmass.
For the 1st time in India's known demographic history 51% of the population finds itself in the same economic class - welcome to the neo-middle class of Bharat.
Political Process Outsourcing
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The BJP-led NDA's landslide win in 2014 resulted in a record high for the Sensex. It surged 1470 points to 25375.63 points when the news was first broadcast. It closed on an all-time high at 24121.74 points. Market capitalisation rose by a whopping 1 lakh crore to end at 80.64 lakh crore rupees.