Going Forward: Re-Targeting 5 Trillion Economy

• 06-12-2022 11:00:36
• Banking and Finance

Non-banking financial companies (NBFCs) play an significant role in promoting inclusive economic growth by extending low-cost credit to informal and smaller micro, small and medium enterprises (MSMEs) and unbanked customers.

The sector accounts for nearly 17% of the total credit in the country.

The Prime Minister had earlier announced the vision of building a USD 5 trillion economy by 2024.

In this panel, the leaders will discuss how the NBFC sector is playing an instrumental role in maintaining India’s growth momentum and achieving the target of a USD 5 trillion economy by 2024.
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