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flag India's NBFCs see assets soar to Rs 43 trillion, outpacing economic growth and aiding financial inclusion.

flag Non-Banking Financial Companies (NBFCs) in India are growing faster than the country's economy, with assets under management increasing from less than Rs 2 trillion in 2000 to Rs 43 trillion by 2024, according to Mavenark Advisors. flag Credit growth is expected to continue at a 12% annual rate due to economic recovery and consumer demand. flag NBFCs play a crucial role in financial inclusion, serving low-income and rural borrowers, but face scrutiny over high interest rates.

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