Stock Market Boom Threatens India's Economic Growth as Bank Deposits Decline

• Indians flocking to stock market, pulling savings from banks
• Bank deposit growth at lowest in over a year, alarming government
• Deposits provide cheapest funding for investment, crucial for growth
• Mutual fund accounts up 134% in 5 years as Sensex climbs 26%
• Slower credit growth and higher loan costs pushing firms to bond market

Source: bloomberg