Credit growth outpaces GDP, driven by banks and NBFCs
after close1 source ↓written by the desknot a recommendation
India’s banks and NBFCs are significantly contributing to economic growth, with credit growth exceeding GDP. A recent report by Motilal Oswal predicts this trend will continue through FY25. Strong demand for loans, coupled with improved asset quality, indicates a robust lending environment, suggesting potential for further economic expansion. 📈
Not investment advice. For informational purposes only.