For FY2023, domestic passenger traffic is estimated at around 1360 lakh, a YoY of around 60% over 852 lakh in FY2022, and only short of around 4%, compared to pre-Covid levels
The restrictions on movement will have a bearing on collection efforts of NBFCs especially for microfinance loans where cash collections still remain dominant, it said in a report.
Imports expanded 2.05% last month while exports grew 5.37%, leaving a trade deficit of $14.75 billion, according to preliminary data released by the commerce ministry. Non-petroleum and non-jewellery imports grew 5.94%.