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India’s bank credit-to-GDP ratio
June 28 , 2021
1051 days
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- The bank credit-to-GDP ratio rose to a five-year high of a little over 56 per cent in 2020.
- This is according to the latest data from the Bank for International Settlements (BIS).
- At a 56.075 per cent credit-to-GDP ratio, total outstanding bank credit stood at USD 1.52 trillion in the country in 2020.
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