India Household Debt
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EMI Nation: 28 Crore People In India Have Outstanding Loans, Debt Hits Rs 15.7 Lakh Crore
India is witnessing a sharp rise in household borrowing, signalling a growing dependence on loans to meet aspirations and expenses.
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Household Savings Likely To Rise In FY24: Report
Factors like retail credit push by banks and a greater appetite for borrowings have resulted in a rising proclivity for debt among the households, the CRISIL report said.
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Over 50% Agricultural Families In Debt With Average Loan Of Rs 74,121 In 2019: Survey
Over 50 per cent of agricultural households in the country were in debt with average outstanding loan per household at Rs 74,121 in 2019, says a survey conducted by National Statistical Office (NSO).
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Opinion: High Debt Isn't Driving Farmers to Suicides
It's election season in India and the money is flowing. Governments in many states have begun waiving tens of millions of dollars' worth of loans to poor farmers in an effort to buy their loyalty. The argument - widely accepted by politicians and journalists, the demographic groups with the least fiscal instinct - is that India's farmers are buckli...
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EMI Nation: 28 Crore People In India Have Outstanding Loans, Debt Hits Rs 15.7 Lakh Crore
India is witnessing a sharp rise in household borrowing, signalling a growing dependence on loans to meet aspirations and expenses.
-
Household Savings Likely To Rise In FY24: Report
Factors like retail credit push by banks and a greater appetite for borrowings have resulted in a rising proclivity for debt among the households, the CRISIL report said.
-
Over 50% Agricultural Families In Debt With Average Loan Of Rs 74,121 In 2019: Survey
Over 50 per cent of agricultural households in the country were in debt with average outstanding loan per household at Rs 74,121 in 2019, says a survey conducted by National Statistical Office (NSO).
-
Opinion: High Debt Isn't Driving Farmers to Suicides
It's election season in India and the money is flowing. Governments in many states have begun waiving tens of millions of dollars' worth of loans to poor farmers in an effort to buy their loyalty. The argument - widely accepted by politicians and journalists, the demographic groups with the least fiscal instinct - is that India's farmers are buckli...
