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Indian banks record fastest increase in private lending

A new cycle of private investment is beginning as Indian lenders are increasing lending to local corporations at the fastest rate in more than eight years.

Photo by Ishant Mishra / Unsplash

In over eight years, Indian lenders are increasing lending to local corporations at the fastest rate. Experts predict that it could be a sign of a new private investment cycle beginning in the country.

This growth in private funding occurs even as growth in significant developed economies like China has slowed. According to economists, the global slowdown will restrict the strength of the new Indian cycle.

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