The credit-GDP ratio will go well beyond 100 per cent. Indian banks will have penetrated the entire country and have covered every household with a functional bank account. By “functional” what I mean is that the  BIS Review 159/2010  5  access of low income households extends beyond just savings and remittances to other services such as credit and micro insurance.
The CBO constructed its projections based on the assumptions that real gross domestic product (GDP) would rise about 3-1/2 percent per year in 2005 and 2006 and at a rate of 2.9 per cent per annum from 2007 through 2015.