The leasing market in India is growing rapidly, with about Rs.10 billion worth of assets being leased annually and about Rs.8 billion being provided for hire purchase.
Lease finance is normally provided for a period ranging from 3 to 8 years, it is currently being provided by all Indian Financial Institutions such as IDBI, IFCI, ICICI, state level institutions and various leasing companies in the private and joint sector.
Centre for Monitoring Indian Economy, Bombay
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Last updated: May 1995.