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Bank credit growth nearly doubles to 19.1% in July as lending picks up across sectors

The month of July 2026 witnessed a remarkable surge in non-food bank credit. Lending to various sectors, particularly services, industry, and agriculture, experienced significant growth. In particular, the growth in services credit was more than double that of the previous year, while industry lending also showed notable improvements. Additionally, personal loans peaked with impressive overall...

Economy grew 7.8% in Q1 despite Iran crisis and El Nino conditions

India’s economy recorded impressive growth of 7.8% during the April to June quarter, driven by a thriving manufacturing sector and a strong services industry. Domestic demand surged, bolstered by significant increases in investment and exports. Reflecting this positive trend, the government has upgraded growth projections for prior financial years, showcasing the economy’s robust resilience in...
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