Decoding auto slowdown with SBI’s Soumya Kanti Ghosh
  • WebDesk BTVI
  • Jul 24 2019

Soumya Kanti Ghosh, Group Chief Economic Adviser at SBI, talks about the slowdown in the auto sector. He says the current slowdown is a result of two factors – demand and cyclical issues, like NBFCs. He says while the decline in demand is a big issue, NBFC stress is another major reason. He says the new norms for commercial vehicle industry, new insurance norms also account for about 20% slowdown.