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Economy

Bank Credit Growth at 19.6%

RBI releases India’s credit growth stats show Bank Credit at 19.6%, with credit coming down from 33.63 trillion (1 Trillion = 1 Lakh Cr.) to 33.57 lakh cr versus a fortnight earlier. Credit growth is down to 19.06% from 21.18%.

India - Annual Credit Growth

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Note that credit growth last year came down substantially from March to September, so the next few months should see strong growth figures even if the absolute numbers come down. And in general we are still strong:

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