India’s Private Debt Market to Cross $18 Billion in 2024 as Economy Grows mnscredit.com

India’s private debt market is expected to exceed AUM at $18 billion by 2024, mainly attributed to economic growth and increased demand for flexible financing solutions. Private debt is the financing extended by non-bank lenders to businesses and households where bank lending is not available or considered inadequate. Demand for private debt in India has grown incredibly over the past few years with businesses seeking more flexible sources of financing that support growth.