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“I Splurge What’s Left”: Why India’s Youth Are Choosing Debt Over Savings | Insight
The greatest number of loans taken by young Indians is not for education or business. It is for travelling. India’s young consumers are driving a credit boom—fuelled by easy loans, buy-now-pay-later schemes, and a surge in credit card adoption. As the largest group of new borrowers, they are financing lifestyles on future income, even as ...
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