'India 3rd largest domestic banking market by 2050'
Monday, 06 June 2011, 16:26 IST   |    1 Comments
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New Delhi: Banking assets of emerging nations are likely to overtake that of G7 economies by the year 2050, with India likely to emerge as the third largest domestic banking market in the world in the next three decades, says PricewaterhouseCoopers. According to a PwC report, total domestic credit in the E7 economies (China, India, Brazil, Russia, Mexico, Indonesia and Turkey) is likely to overtake total domestic credit in the G7 economies within the next 40 years. The analysis also suggests that India is likely to be the fastest growing of the E7 economies and could grow faster than China in the long run.
Source: PTI
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