Infra finance NBFCs: Bucking sectoral trend in FY21

Since the last monetary policy review held in February 2021, the global rollout of Covid-19 vaccines has had the welcome effect of boosting sentiment. The simultaneous rise in commodity prices has, however, transmitted into higher inflation prints. Moreover, the recent spike in Covid-19 cases in India has renewed uncertainty regarding the near-term growth outlook, posing a fresh challenge to the setting of monetary policy.