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RBI Flags Rising Household Debt Risks as India’s Savings Fall to Multi-Decade Low
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RBI Flags Rising Household Debt Risks as India’s Savings Fall to Multi-Decade Low
India’s financial system remains stable for now, but early warning signs are emerging around household debt, consumption-driven borrowing, and declining savings, according to the latest Financial Stability assessment released by the Reserve Bank of India (RBI).The findings have sparked fresh debate among economists and market observers after data showed Indians are borrowing more for consumption while financial savings remain under pressure, a s…
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