Economy · India
Over-leveraged Consumers Surge Threefold, Credit Growth Slows
The number of over-leveraged consumers has tripled, according to data from Cibil. Personal loans and credit cards are identified as major borrowing categories contributing to this increase. This surge in over-leveraged individuals coincides with a slowdown in overall credit expansion. The data highlights a significant rise in consumers struggling with debt.
How outlets across the spectrum covered it
Left 1 · Centre 1 · Right 0 n = 2
- Left (1): The Wire
- Centre (1): The Indian Express