Budget 2023: Credit Growth Signals Economic Activity
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Budget 2023: Credit Growth Signals Economic Activity
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Incremental growth in FY22 over FY21 was ₹9.41 lakh crore.
In FY22, total outstanding credit of scheduled commercial banks rose to ₹118 lakh crore which is almost 50% of GDP. Incremental growth in FY22 over FY21 was ₹9.41 lakh crore. In the first half of FY23, though, outstanding credit of banks had already expanded by ₹11 lakh crore over FY22 (full year).
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