Thread by @IM4ChangeIndia

[1/n]. Despite a far greater decline in vehicle registration in 2020 as compared to 2019, we see a rising trend for growth in vehicle loans in the fortnight ended 25th Sep, 2020 vis-à-vis the fortnight ended 27th Sep, 2019.
URL: bit.ly/3pB1Fx9 @FinMinIndia @bsindia

[2/n]. Total no. of vehicles registered in the country was 1.92crore in 2016, 2.09cr. in 2017 (8.63% growth over previous year), 2.27cr. in 2018 (8.87%), 2.15 cr. in 2019 (-5.52 %) and 1.34cr. in 2020 (as on 16th Nov '20).
URL: bit.ly/3pB1Fx9 @FinancialXpress @the_hindu

[3/n]. In the fortnight ended 25th Sep, 2020, y-o-y growth in outstanding credit to vehicle loans was found to be 8.8%, whereas in the fortnight ended 27th Sep, 2019, y-o-y gr. rate in vehicle credit was at a much lower level i.e. 4.1%.
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[4/n]. This contradiction needs to be explained by the official economists.
URL: bit.ly/3pB1Fx9 @RBI @FinMinIndia @MORTHIndia @TheIndiaForum @IndiaSpend @ieexplained