Internal demand & export growth work in favor of Indian B2B credit sales, but future trends of B2B payment practices affecting business confidence in India.
India will remain on a high growth path this year. Export growth is expected to be in the region of 6.6%. Real GDP growth is forecast to reach a healthy 7.2%, mostly due to private consumption picking up. However optimistic this picture may seem, the recent downward revision of India’s growth forecast points to strong headwinds in the short term.