In FY22, total outstanding credit of scheduled commercial banks rose to ₹118 lakh crore which is almost 50% of GDP. Incremental growth in FY22 over FY21 was ₹9.41 lakh crore. In the first half of FY23, though, outstanding credit of banks had already expanded by ₹11 lakh crore over FY22 (full year).
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Budget 2023: Credit Growth Signals Economic Activity
Incremental growth in FY22 over FY21 was ₹9.41 lakh crore.
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Freight Traffic Growth Hit; Is Slowdown On The Cards?
As railways mirror the pulse of industrial traction, it seems the once-steady drivers of growth are now losing steam.
Education Gets A Leg-Up
Investment in education rises in India’s journey towards a $55 trillion economy by 2047.
Rev, Sputter, Stall
Auto makers hope the onset of festive season will bring in good tidings.
Corporate Scorecard: FY24 Ends On Buoyant Note
Corporate India saw double-digit growth in net profit and single-digit revenue increase in March 2024 quarter. Analysts expect growth ahead.
Infographics
Freight Traffic Growth Hit; Is Slowdown On The Cards?
As railways mirror the pulse of industrial traction, it seems the once-steady drivers of growth are now losing steam.
Education Gets A Leg-Up
Investment in education rises in India’s journey towards a $55 trillion economy by 2047.
Rev, Sputter, Stall
Auto makers hope the onset of festive season will bring in good tidings.
Corporate Scorecard: FY24 Ends On Buoyant Note
Corporate India saw double-digit growth in net profit and single-digit revenue increase in March 2024 quarter. Analysts expect growth ahead.