Bank lending to industry against GDP at 7-yr low
Bank lending to industry (production of goods and related services), as a percentage of the GDP has slumped to a seven-year low of 20.13% in the fiscal 2015-16 from 21.28% in FY15, according to think tank Centre for Monitoring Indian Economy (CMIE). Notably, infrastructure sector accounted for 35.3% of the loans while the metals sector's share stood at 15.2%.