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Softening growth in formal sector dragging down credit growth: Report
The Daily Guardian
|July 21, 2025
Softening growth in the formal sector is beginning to weigh on overall credit growth, according to a report by HSBC Global Research.
The report noted that, after a few years of strong growth, the formal sector is expected to slow in 2025.
"This is led by factors such as gains from strong equity markets and rising wage growth now plateauing after a strong run," the report added. India's bank credit growth, which was 16 per cent a year ago, has now declined to 9 per cent as of June 2025. A deceleration in credit growth reflects a sharp fall reflects reduced borrowing and weaker demand in the economy.
यह कहानी The Daily Guardian के July 21, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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