'Scope for credit growth to outpace economy,' says RBI
According to the RBI, India's credit-to-GDP ratio was 90.1% in 2022, indicating potential for higher credit growth compared to advanced and emerging markets. This growth can boost economic development. The analysis also finds that income growth positively impacts bank deposits.
According to the RBI, India's credit-to-GDP ratio was 90.1% in 2022, indicating potential for higher credit growth compared to advanced and emerging markets. This growth can boost economic development. The analysis also finds that income growth positively impacts bank deposits.
