India’s credit growth, US’ GDP


Every Monday, Mint’s Plain Facts features key data releases to keep an eye on during the week. The Reserve Bank of India (RBI) will release the fortnightly data on credit and deposits of commercial banks. Gross domestic product (GDP), goods trade, and business activity data for the US will be out. And the euro area’s flash composite purchasing managers’ index (PMI) print will also be keenly watched. Here are the big numbers to track:  


  1. Credit Growth  


The Reserve Bank of India (RBI) will release data on credit and deposits of commercial banks this week for the fortnight ending 13 August. Loan offtake has largely disappointed, reflecting weak demand and uncertain outlook across the economy. Bank credit grew 6.2% in the previous fortnight compared with the year-ago period, on a lower base. Much of the growth came from retail and agri-related activity as the slump in industrial credit…

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