So the growth in the bank credit is not going to corporates, manufacturing or infrastructure sector. It is actually going to the individuals which is actually getting leveraged. So I do not see this as a very strong growth indicator.
US stocks: US market falls as hot inflation, hawkish Fed fuel rate-hike fears
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening.