Credit growth in India expected to exceed nominal GDP this fiscal: SBI Capital Markets

New Delhi [India], July 7 (ANI): Credit growth in the Indian banking sector is expected to exceed nominal GDP growth in the current financial year 2024-25, growing at 13-15 per cent, according to SBI Capital Markets.

Nominal gross domestic product (GDP) is growth, without adjustment for inflation.

The growth according to the report would be amplified by long-term drivers such as buoyant economic growth, accompanied by for