In CNBC-TV18's special show 'Demystifying the Credit Scenario', Santosh Kamat, managing director and chief investment officer at Franklin Templeton and Rashesh Shah, chairman and chief executive officer at Edelweiss Fin Services shared their views on India's credit cycle.
Kamat said, "The best way to find out how the credit is doing is to look at the spreads. We have close to $10 billion book and we need to invest Rs 4,000-5,000 crore every quarter to keep doing what we are doing. Till some time back, it was a luxury to keep getting money. However, now nobody is coming for money as it is very difficult to get good deals."
Shah said, "If we look at 2020, I do think that next year will definitely be a better year than 2019 for sure. However, it could also be a starting point of Indian economy coming back on track."