India Not The Next China, But Getting There

.......“Among the top 10 banks in the world, three of them are Chinese. Why did that happen? Because the Chinese economy grew and, therefore, the banks had to grow in order to provide credit,” she said. “Things will happen in India if the Indian economy grows. India will need bigger banks. To build bigger banks organically is difficult. So, to do it in an inorganic way by clubbing some of the banks will be the best route,.........

Read - Forbes