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S&P projects 12–14% growth in India's financial-sector lending this fiscal
The Economic Times reports irregular monsoon rains could reduce rural incomes and slow lending in those areas.
TLDR
The Economic Times reports S&P Global projects 12–14% growth in India's financial-sector lending this fiscal, though irregular monsoon rains could reduce rural incomes and slow credit growth there. S&P also projects 7% GDP growth for India in FY27 and warns of potential stress in unsecured lending, particularly among self-employed borrowers and micro and small enterprises.
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