AGGREGATED External reporting by Bloomberg. This page summarizes the publisher's feed entry; the full article is on www.bloomberg.com.
India’s Consumer Spending Boom Comes With Growing Debt Bill
When 25-year-old restaurant worker Navjot Singh wanted an iPhone he couldn’t afford on his monthly salary of 50,000 Indian rupees ($521), taking out a small loan made the purchase possible. A PlayStation and television set followed, along with loans for a wine and spirits course and a trip home.