This chapter explores the factors contributing to Indians' financial struggles, including increased investment in physical assets like housing and rising loans for buying homes. It also discusses the life cycle hypothesis model and its relevance to India's young population's borrowing behavior, as well as optimism about employment prospects and discretionary spending.
In today’s episode for 26th October 2023, we look at whether the massive fall in household financial savings coupled with a boom in small-ticket loans is a reason for worry.
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