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India's bank credit forecast to grow 11-12% in the next six months, led by retail credit.
India's bank credit is forecast to grow 11-12% in the second half of the fiscal year, according to Crisil Ratings.
Retail credit, driven by lower interest rates and tax cuts, is expected to lead with a 13% growth, up from 11.7% last year.
Credit to small businesses is expected to remain stable at 14%, and agricultural credit is projected to grow around 10%.
Despite global uncertainties, government policies and lower rates are supporting growth.
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Se pronostica que el crédito bancario de la India crecerá un 11-12% en los próximos seis meses, liderado por el crédito minorista.