Indian Households Running On Credit, Credit Growth Drops In Industries: RBI

by Rahul Gautam May 25, 2020 • 08:45 PM Views 1024

Credit growth drops among industries even as common Indian citizens are increasingly dependent on loans to keep households afloat amid the lockdown. A Reserve Bank of India (RBI) report shows that while the credit growth rate between April 2012 and March 2016 was 11%, it dropped to just 8.6% between April 2016 and March 2020