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Retail loans in India to cross US$550bn in 2023, says GlobalData

The total retail loans in India recorded a compound annual growth rate (CAGR) of 17.5% during 2014-18 to reach INR22.2 trillion (US$319.1bn) in 2018. However, weakening economic growth and slowdown in auto sales are expected to impact the growth over the next four years and as a result the total loans …

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