<h1>India's Financial Sector Shows Resilience: Low NPAs, Strong Credit Growth, and Booming IPOs Highlight Economic Strength.</h1> India's banking and financial sector has demonstrated resilience amidst global challenges, as highlighted in the Economic Survey 2023-24. Non-performing assets have hit a multi-year low, and India now ranks fifth globally in market capitalization to GDP ratio. The primary markets facilitated capital formation of Rs. 10.9 lakh crore in FY24, with a 66% increase in IPOs. Bank credit growth remains robust, particularly in personal and services sectors. Financial inclusion efforts have increased formal account ownership to 77% of adults. The insurance and pension sectors are also expanding, with significant growth in subscribers and market potential.