The Reserve Bank of India (RBI) has released sectoral data on the use of bank credit, with an annual basis of 10.2 percent in non-food credit from 27 June 2025. This marks a decrease in growth of 13.8 percent registered for the same fourteen days a year earlier.
The data, collected from 41 selection planned commercial banks that are good for around 95 percent of the total non-food credit, indicate a broad extent in credit expansion in important sectors of the economy. The credit to the agriculture sector and allied activities grew by 6.8 percent in June 2025, a sharp delay compared to 17.4 percent growth in the same period last year. Likewise, the credit on the industrial sector increased by 5.5 percent, compared to 7.7 percent the previous year.
Within the industrial segment, however, loans from micro, small and medium-sized companies (MSMEs) remained steady growth and credit in subsectors such as engineering, construction and textile accelerated increase. The service sector saw credit growth moderate to 9.6 percent of 15.1 percent last year.
This decrease was mainly driven by slower credit expansion to non-bank financial companies (NBFCs), although segments such as computer software and professional services continued to achieve robust growth. Personal loans grew by 14.7 percent on an annual basis, compared to 16.6 percent in June 2024. The delay was largely due to a weaker growth of vehicle loans, credit card utensils and other personal lending.
In individual news, the international trade in India showed a remarkable momentum in June 2025, with both export and import that registered year-on-year growth, according to data released by the RBI. The value of the export of services (coupons) was $ 32.11 billion in June 2025, which reflects a growth of 12.0 percent compared to the same month last year.
In the meantime, the import (payments) of Services reached $ 15.90 billion, which marked an increase of 5.0 percent in June 2024. The figures for June indicate the continuous force in the Indian service sector, in particular in IT, Business and Financial Services, which form the backbone of the country’s export income.
The export growth in June also follows a consistent trend observed in the previous months. In April and May 2025, the export of services were registered at $ 32.84 billion and $ 32.45 billion, with growth rates of 8.8 percent and 9.6 percent respectively registered.
On the import side, the pace of the increase in June accelerated somewhat. Although imports fell by 1.1 percent in May 2025, they rose by 5.0 percent in June, indicating a possible rebound in the demand for foreign professional and technical services.
The figures are based on revised data from the Indian payment balance statistics and are part of the monthly release of the RBI on the trade in services.
Published on August 1, 2025
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