India, March 24 -- The relatively better performance of the Indian economy with 7.6 per cent projected growth in FY24 - compared to other major economies - driven by strong investment growth and a rebound in industrial activity has led to sustained growth in long term credit demand for sectors such as infrastructure, metals, iron and steel, food processing. While infrastructure is witnessing an increase in credit flow with 82 per cent of the respondents indicating an increase in long-term loans as against 67 per cent in the previous round, the outlook for non-food industry credit over next 6 months is optimistic with 41 per cent of the participating banks expecting non-food industry credit growth to be above 12 per cent.
Published by HT Di...