India needs to double credit growth to 15% to achieve $5 trillion economy target by FY25: Bankers

"If you want to reach a USD 5 trillion economy, the outstanding credit, which is around Rs 95-98 trillion, it will have to be doubled, which means we need to grow (credit) at around 15 per cent," State Bank of India#39;s Chairman Rajnish Kumar said at an IBA event.

from Moneycontrol Economy News https://ift.tt/2GY7YWt