Narendra Damodardas Modi (born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. He was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament for Varanasi. Modi is a member of the Bharatiya Janata Party (BJP) and of the Rashtriya Swayamsevak Sangh (RSS), a Hindu nationalist volunteer organisation. He is the first prime minister outside of the Indian National Congress to win two consecutive terms with a full majority and the second to complete five years in office after Atal Bihari Vajpayee.
MUMBAI : As the lockdown enters its fourth phase, credit growth has clearly taken a beating with outstanding loans shrinking by ₹1.36 trillion between 27 March and 8 May, showed data from the Reserve Bank of India (RBI).
Total outstanding non-food credit stood at ₹101.83 trillion and was 1.32% lower than 27 March. India has been in a locked state since 25 March after Prime Minister Narendra Modi announced the first tranche to curtail the spread of covid-19.
While the initial phases witnessed a complete shutdown of businesses, the country has gradually reopened in green and orange zones or locations with relatively less impact of the virus.