EMIs, Bills, and Rising Costs: How Indian Households Are Quietly Reworking Their Budgets
Indian households are not imagining the squeeze. The pressure is visible in the data. India’s household debt stood at 41.3% of GDP at end-March 2025, according to RBI data cited in Parliament, and a dominant share of that borrowing is for consumption. Reuters also reported household debt was 41.9% of GDP by December 2024, with … Read more