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Credit is the cornerstone of the Indian banking system, playing a critical role in fostering economic growth, enabling financial inclusion, and supporting development across sectors. By facilitating the transfer of funds from savers to borrowers, banks , Financial institutions and NBFCs act as vital engines of the economy, ensuring the efficient allocation of resources.
India aims to become the third-largest economy by 2030, reaching $5 trillion by FY 2026-27 and $7 trillion by 2030, driven by expanded credit availability in infrastructure and high-growth sectors. Credit fuels growth, consumption, and entrepreneurship, but requires addressing credit accessibility, non-performing assets, digital lending infrastructure, geopolitical balance sheet management, climate finance integration, and fostering a conducive regulatory environment, financial literacy, and innovative credit products.
With this background, the Bombay Chamber of Commerce & Industry is hosting this Conclave on 15th January, 2025 from 10.00 am to 1.30 pm at St.Regis Hotel, Lower Parel, Mumbai to delve into the challenges and opportunities that India faces on its path to achieving the goal of a 5 trillion economy. We would be honoured to have you join us in exploring how credit can drive India’s transition to a developed nation and achieve its ambitious economic goals.
