From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)India’s consumption boom faces test as household borrowing outpaces income growth
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Consumer borrowing in India has surged significantly as access to credit has expanded across the population. Individuals like Navjot Singh illustrate the financial burdens incurred from loans that have become widespread among the populace. As interest rates increase, many consumers face a heightened…
RSS excerpt
Easy credit has fuelled household spending across India, but rising repayments and modest wage growth are beginning to expose financial vulnerabilities
