‘Indians Piling Debt Faster Than Creating Assets’ | Is Young India Borrowing More Than Its Capacity?
Average debt of India now stands at Rs 4.8 lakh per person, up from Rs 3.9 lakh just two years ago. As per an RBI report, the amount of financial assets added each year has grown 48% between 2019 and 2025, while the annual liabilities have grown 102% over that period. Is Young Indi borrowing more than its capacity?
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