Is rising consumer credit cause for concern?
A recent report by the RBI highlights the shift towards healthy and prime borrowers in the economy. However, the fact that there is a significant amount of borrowing being done for the purpose of consumption is a cause for concern, signalling macroeconomic weaknesses in the economy
A recent report by the RBI highlights the shift towards healthy and prime borrowers in the economy. However, the fact that there is a significant amount of borrowing being done for the purpose of consumption is a cause for concern, signalling macroeconomic weaknesses in the economy
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