Why retail loans continue to grow amid a slowdown2 min read 04 Aug 2019, 08:47 PM IST
India is in the midst of a consumption slowdown, which translates into an economic slowdown given that private consumption expenditure forms around three-fifths of the country’s economy.
Curiously, retail loans of banks continue to grow robustly. Mint probes this dichotomy.
How fast have retail loans of banks been growing?
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