"Most PEs are looking at retail lenders as they expect a credit-fuelled consumption boom. Indians save an average of 25-30% of their income, but this may not be enough to satisfy all their requirements. Also, as one’s purchasing power becomes higher, the needs also multiply, driving the need for more credit.”
Director, Grant Thornton Advisory Pvt. Ltd.
This article apeared in Live Mint on 28th September, 2016.