Recent developments in global private credit markets have put the spotlight on liquidity structures and risk management across investment vehicles. But the Indian context is very different.
At the Indian Venture and Alternate Capital Association (IVCA) Conclave 2026, Kaushal Ganeriwal, Managing Partner & Head of Origination at Ascertis Credit, joined industry leaders for a panel discussion on “The Credit Opportunity: Risk, Return, and the Private Debt Landscape.”
During the discussion, Kaushal highlighted that, “The Indian Private Credit industry today is at around $20–25 billion, that is less than 1% of total corporate credit. If you look at it from a lifecycle perspective, we are still early. Private credit in India is in a structural growth phase, and the opportunity from here is for multifold expansion over the coming years.”
These insights were also featured in The Economic Times, which highlighted how India’s regulatory framework, fund structures, and investor base are shaping the evolution of the domestic private credit market.
As capital markets continue to evolve, private credit is playing an increasingly important role in bridging financing gaps across India’s mid-market and growth sectors.
