India Data Hub · Macro Data
India's bank credit growth accelerates to 17.65% in May from 16.23%
Bank credit growth picks up pace
The read
India's bank credit grew at an annual rate of 17.65% in May, up from 16.23% the prior month. The acceleration signals rising demand for loans in the economy. The data points to sustained momentum in credit expansion.
Key numbers
- Actual: 17.65%
- Previous: 16.23%