Indian Economy is quite dynamic in terms of growth and expansion of its frontiers. It is the sixth fastest growing economy of the world while it still remains the third largest purchase power in the world. Staying in touch with the Indian Economy News is quite important as it is one sector which affects us all in one or the other way. You can share any of the important Indian Economy News here.
Recently the RBI has increased the priority sector lending target for foreign banks to 40 percent from the previous 32 percent. Loans on Education and Housing remain to be in the priority sector. Loans for construction of a house per individual may be granted under the priority sector. At the same time efforts has been made to encourage the economically weaker sections of society to build their own dwellings and therefore separate lending would be done under the weaker section's category.
