Even though the world's main economies are experiencing a slowdown
As a result of rising inflation, pandemics, and war-related interruptions
the Indian economy has emerged as a shining example of economic growth, with 6.8–7.0% growth predicted in the fiscal year 2022–203.
There are many things that have contributed to India's resiliency
but one thing that cannot be denied is the importance of the country's banking industry.
During this time period, there was an expansion of domestic credit that not only kept enterprise
afloat but also provided retail loans to support growth that was driven by consumer spending.