Ticking Debt Bomb for Young India
Household savings fall to a 50-year-low at a time when borrowing and spending are touching new records. The new mantra of lenders is to bank on Gen-Zers taking the lead on loans and spending. But with the demand, comes debt and default. Unsecured lending is booming at a record pace, with the market expected to top Rs 4.5 lakh crore by this financial year. Meanwhile, credit card default tops Rs 4000 crore and retail debt stress rises. Host Anupriya Nair explores whether India's demographic dividend is turning into a demographic debt disaster with
Ritesh Srivastava, Founder of retail debt…
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