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India’s household debts surge on back of housing loans, rising trend of unsecured lending

by AIP Online Bureau | Sep 15, 2024 | Data, Eco/Invest/Demography, Policy, Risk Management, Wealth Management/ Philanthropy

As per the report, as of FY23, India’s household debt has reached 38 per cent of GDP, reflecting a growing trend in household leverage. The report noted that the household debt is linked to real estate, such as homes and properties and it is driven by investment...

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