India's Private Credit Fuels Deal-Making Growth

Manisha Girotra, chief executive of Moelis India, says India's private credit market is booming, with S&P Global estimating assets under management at $25–30 billion at FY25-end and yields typically of 14–22% versus 8–13% for banks and finance firms. She and deal data point to rising private-credit participation in complex M&A and infrastructure financing, including $600 million KKR financing and projected fivefold data-centre growth by 2030.