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Indian industrial credit growth slowed in August 2025, with SMEs and agriculture seeing weaker gains.
Bank credit to India's industry grew 6.5% year-on-year in August 2025, slowing from 9.7% the previous year, with non-food credit from major banks rising 9.9%, down from 13.6%.
Credit to micro, small, and medium enterprises remained strong, especially in engineering, vehicles, and rubber/plastic sectors.
Agricultural credit rose 7.6%, a sharp drop from 17.7% last year.
Personal loans grew 11.8%, slightly slower than 13.9% in 2024, while services sector lending edged down to 10.6% from 13.9%.
Credit to NBFCs showed signs of slowing, though some segments like software and commercial real estate held steady.
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El crecimiento del crédito industrial de la India se desaceleró en agosto de 2025, y las PYME y la agricultura registraron ganancias más débiles.