New Delhi, Jan. 30 -- The private credit market in India is still at a nascent stage, representing about 0.6% of India's GDP. However, this does not diminish its role in India's financing and investment landscape. Many players are entering the private credit space due to the rising demand for this asset class in India's fast-growing economy, driven by a financing gap for mid-sized companies that are underserved by traditional banks and capital markets. Further, the strengthening of institutional frameworks in India following the implementation of the Insolvency and Bankruptcy Code (IBC) has given greater confidence to all the stakeholders.

Across the emerging markets, India has become one of the most active markets for private credit dea...