Industry Bank Credit Across Indian States, 2004-2025

Bank credit to industry in India reached Rs. 42.9 lakh crore in 2025, thirteen times the Rs. 3.3 lakh crore extended in 2004. Growth was rapid through the mid-2010s, but stalled sharply between 2016 and 2021 as the NPA crisis hit. Stressed assets on bank books froze new lending, and…