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Economy

Credit Growth at 15%

Bank Credit Growth has moved up steeply from the lows of sub-10% about six months ago, to over 15% as announced two weeks back.

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Credit growth is still low comparing the last four or so years, but it’s looking like it will scale up back imageto the 20% level soon. Awaiting another report in two days. What is happening then with inflation? It seems like Primary articles inflation is easing up, with the latest figure at a scary but lower-than-peak 15%. The Monthly full inflation figures are expected on the 15th.

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