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A recent report by the Centre for Advanced Financial Research and Learning studied the correlation between consumption expenditure and credit growth. Here s what it found.

Transunion cibilCentre for advanced financial researchCentre for monitoring indian economyConsumer pyramids households surveyAdvanced financial researchMonitoring indian economyBank creditBank loansNon banksNon banking financial companiesCredit growthConsumption expenditureConsumption spendingCentre for financial research and learningCafral reportIndian households