- Wealth PMS (50L+)
The folks at cycle.in continue providing seasonally adjusted data, and noteworthy this time is Non-Food Credit and Bank credit to the commercial sector:
(L-R Non-food credit, Bank credit to commercial sector. Click for larger images)
The SAAR (Seasonally Adjusted, Annualized Rate) of change is 25% for non-food credit and over 20% for bank credit to the commercial sector (as in, different from the credit to individuals).
This is fairly high and going up, despite interest rate hikes! The 2011 data will be better to see as that gets updated.