India is all set to become a $5Trillion Dollar Economy in GDP terms by 2025. Backtracking the numbers, Financial services will be a big beneficiary – of this growth. According to Morgan Stanley, for this GDP growth to be achieved, the financial services sector will need to grow in the high teens over the decade.
The last three years have not been kind to the India Financials. The persistent economic slowdown and high interest rates caused default levels to rise (more…)