Falling Bank Loans Signal 11% Contraction in India 2Q GDP
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

Falling Bank Loans Signal 11% Contraction in India 2Q GDP

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(Bloomberg) -- Declining credit flows in India indicate an 11% contraction in gross domestic product for the July-September quarter, according to Bank of America Merrill Lynch, steeper than the 7.5...
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