Wholesale credit to grow at 9-11% in FY23-30 period: CRISIL report

9% of infrastructure, industrial capex is for green projects and number is rising, says agency

Wholesale credit for infrastructure and companies' capital expenditure is expected to grow at 9-11 per cent CAGR in the FY23-30 period as investments pick up in the country, said CRISIL Ratings on Thursday.

This credit growth will be a substantial improvement compared to the pace of six per cent in the FY15-22 period. Infrastructure’s share is likely to grow marginally in wholesale credit, with thrust on investments for green energy. With a banking credit-to-gross domestic product (GDP) ratio of 51 per cent, India has high potential for credit growth in both the retail and wholesale verticals. The retail sector led