mention the contribution of banking sector in the growth of Indian economy
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Currently, the banking industry holds pride in contributing nearly 7.7% to the national GDP. Besides that, our banks are the prime employment generators for almost 1.5 million people in the country.
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Explanation:
Not just globally, the Indian banking sector has proved its true worth back home as well. This can be inferred from the valuable contribution of our banks, both nationalised and private, for boosting up the national economy. Currently, the banking industry holds pride in contributing nearly 7.7% to the national GDP
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