Not all is gloomy! SBI chairman nudges industry to borrow and invest in economy

"If India has to achieve its goal of USD 5 trillion economy then it cannot happen unless there is investment in the economy. Today the outstanding banking credit is Rs 96 lakh crore. So for a USD 5 trillion economy, we would at least need to double it," Rajnish Kumar said at the 92nd Annual Convention of industry body FICCI.

from Banking/Finance-Industry-Economic Times https://ift.tt/2SaGeEO