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Chart of the Day | Is the economic recovery running out of steam? 

Bank credit growth in the January-March 2021 quarter was lower than in January-March 2020 as well as in October-December 2020

April 15, 2021 / 11:19 AM IST
Chart of the Day | Is the economic recovery running out of steam? 

Source: Shutterstock

Growth in bank credit is slowing down. The growth in non-food bank credit during the first quarter of 2021 has been much lower than in the corresponding period of 2020, despite the fact that there was a stringent nation-wide lockdown in place at the end of March 2020. Non-food credit refers to bank credit apart from advances to the Food Corporation of India for its procurement operations. The accompanying chart has the details. Note that growth in bank credit...

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