7min chapter

The Seen and the Unseen - hosted by Amit Varma cover image

Ep 387: The Life and Times of the Indian Economy

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

Household Debt Crisis and Consumer Credit Bust in India

The chapter delves into the alarming household debt crisis in India caused by unsecured loans, potentially resulting in a consumer credit bust amid a worsening job market and income decline. It explores the implications on the banking sector, NBFCs, and the wider economy, emphasizing the risks of mass defaults and higher interest rates amidst borrowing challenges in the global economic scenario.

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