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India’s personal loans soar, boasting a remarkable 33% CAGR over four years, study shows

By Puja Sharma

March 04, 2024

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Personal loans in India have exhibited an impressive Compound Annual Growth Rate (CAGR) of 33% over the last four years, surpassing overall credit growth. Notably, there was a significant 20.8% increase in credit growth between September 2022 and 2023. This remarkable upswing was primarily driven by a surge in personal loans (32.5% growth) and agricultural […]

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