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Finance Ministry points to credit surge as proof of economic strength in FY26
Economy
Published on 5 May 2026
Non food credit growth jumps far above last year
The Finance Ministry says FY26 credit trends reflect economic strength, highlighting non-food credit growth rising to 15.9% from 10.9% a year earlier. Total credit outstanding climbed to ₹212.9 lakh crore by March 2026, increasing by ₹29.2 lakh crore compared with the previous year’s level, underscoring a faster pace of borrowing and lending.
- Non-food credit growth in FY26 hits 15.9%
- Growth accelerates from 10.9% in the prior year period
- Total credit outstanding reaches ₹212.9 lakh crore by March 2026
- Credit stock is ₹29.2 lakh crore higher than last year
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times