New Delhi, March 19 (IANS) Credit demand from micro, small, and medium enterprises (MSMEs) is expected to remain strong, driving India’s projected credit growth of around Rs 26 trillion in FY26, up around 14.3 per cent YoY, a report said on Thursday.Credit growth is projected to moderate 11.3-12 per cent or Rs 23.5 to Rs 25 trillion of incremental growth, in FY27, the joint report by ICRA Limited and ASSOCHAM said.The moderation is viewed as a normalisation following a high base in the previou…
Latest Economic Expansion News & Updates
New Delhi, Jan 19 (IANS) India’s economy will expand 7.3 per cent in the current fiscal year and stronger growth will boost household incomes and support rising demand for insurance, a report said on Monday.The report from global Credit rating agency Moody’s Ratings said India’s insurance sector is set to see a shift from current weak profitability due to sustained premium growth on the back of robust economic expansion, increased digitisation, tax changes.”We expect India’s economy to grow …
New Delhi, Dec 30 (IANS) Prime Minister Narendra Modi on Tuesday said that India’s growth story is being shaped by credibility, stability, and long-term confidence, driven by a series of sustained reforms across sectors ranging from labour laws and trade agreements to logistics, energy, and market reforms.In a post on X, the Prime Minister referred to Union Minister Hardeep Singh Puri’s write-up on “Reform Express 2025”, which reflects the “quiet but consistent work of governance that has he…