VERIFIEDET Policy·16 Jul 2026neutral

India's non-sovereign debt may rise to 150 pc of GDP by 2047: Crisil

AI Summary

·India's non-sovereign debt may reach 150 percent of GDP by 2047.
·This increase is essential for achieving a USD 30 trillion economy.
·Banks alone cannot meet this massive credit demand, requiring a larger role for the debt capital market.