Credit growth in India is showing signs of revival, reaching 11.7% year-on-year by December 2025, according to a Motilal Oswal Financial Services report. The report attributes this pickup to GST cuts and consumption-led demand, expecting credit growth to reach 12% in FY26 and 13% in FY27. Deposit growth is projected to remain stable around 10%. Regulatory measures are anticipated to further support credit expansion.