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▼ Bearish for Indian equities
Economists raise concerns as India's growth increasingly becomes credit expansion-led
The brief
- India’s recent growth acceleration has been supported by a significant rise in bank credit
- Economists have raised concerns about the sustainability of credit-led growth
- Banks face credit-quality risks if borrowing-led growth proves unsustainable
- India needs to utilise resources beneath earth to become self-sufficient: Anil Agarwal
- Indian economy doing well amid global headwinds, says RBI