Mon, Aug 12, 2024
International Monetary Fund (IMF) Executive Director Krishnamurthy V Subramanian said India's private credit to GDP ratio was 58 per cent in 2020, six decades behind the advanced economies which are now at 200 per cent, though there is phenomenal work being done in terms of financial inclusion through schemes like 'Pradhan Mantri Jan-Dhan Yojana'.
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