Macro Finance
India’s Consumer Spending Boom Comes With Growing Debt Bill
Bloomberg Markets·November 4, 2026·1 min read
India's consumer spending boom is accompanied by a growing debt burden, as seen with 25-year-old restaurant worker Navjot Singh, who took loans to buy an iPhone, PlayStation, and TV on a monthly salary of 50,000 rupees ($521). Rising credit access fuels purchases but raises concerns about household debt sustainability.
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