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Hariharan Kumar

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Articles

As regulatory changes step up lending competition in India, private credit could prove its mettle and thrive

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By L. Viswanathan, Hariharan Kumar
| Mint
India’s private credit market has experienced remarkable growth in the first half of 2025, reaching $9 billion across 79 transactions, nearly triple the volume in the preceding six months. This surge has been led by a landmark $3.1 billion transaction by a large Indian corporate, representing the largest onshore private credit deal in Indian history. The infrastructure sector has emerged as the primary beneficiary of this capital influx, followed by real estate and healthcare.
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