ReferIndia News Explainer: What makes India’s private credit market a lucrative play

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Explainer: What makes India’s private credit market a lucrative play

Published on: March 20, 2026, 9:55 p.m. | Source: The Financial Express

The Indian private credit market is hitting record volumes, reaching $12.4 billion in 2025. With returns ranging from 14% to 22%, domestic and global funds like Kotak, PAG, and Nuvama are capitalising on funding gaps in real estate and special situations, even as West Asia tensions shift the focus toward distressed and opportunistic debt.

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