Despite high inflation and slowing economic growth, many middle-class Indians are still buying consumer products on credit. Unsecured loans, including loans for consumer goods and credit cards, have become a key driver of consumption in the country. The demand for financing consumer durables primarily comes from the low- to middle-income segment, with young professionals and millennials being the most substantial demand drivers.
from Banking/Finance-Industry-Economic Times https://ift.tt/A9WskOw
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