Mumbai (Maharashtra) [India]: The Indian private credit market is rapidly transitioning into a mainstream asset class, serving as a critical alternative to traditional banking channels to support economic growth, top industry leaders told in exclusive interviews on the sidelines of the IVCA Private Credit Summit 2026 on Thursday.
Monu Jain, Partner at Aavishkar Capital and Co-Chair of the IVCA Private Credit Council, highlighted that private credit is expanding at a robust 30 per cent CAGR. Sitting at approximately 25 billion dollars, Jain noted the market represents just 0.6 per cent of India's GDP, signaling massive headroom to bridge an estimated 500 billion dollar MSME credit gap.
