TradingView·45 event signal
India’s consumption boom faces test as household borrowing outpaces income growth
economy
When 25-year-old restaurant worker Navjot Singh wanted an iPhone he couldn’t afford on his monthly salary of 50,000 Indian rupees ($521), taking out a small loan made the purchase possible. A PlayStation and television set followed, along with loans for a wine and spirits course and a trip home.Soo...
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