Private borrowers News
Low deposit growth may hit credit
Macquarie report says govt expenditure may crowd out private borrowers.
The expansion in credit by banks may not be enough to match the high growth tempo, says a report by Macquarie Research. It points to a likely lag in the pace of raising funds by banks, as also the crowding out of private demand by higher government expenditure.
India’s gross domestic product (GDP) rose 8.8 per cent in the
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