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India's NBFCs see assets soar to Rs 43 trillion, outpacing economic growth and aiding financial inclusion.
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.
Credit growth is expected to continue at a 12% annual rate due to economic recovery and consumer demand.
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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Las NBFC de la India ven que sus activos se elevan a 43 billones de rupias, superando el crecimiento económico y ayudando a la inclusión financiera.