Household debt has climbed to 45.5% of India’s GDP, driven by a surge in non-housing retail loans, now making up over half of total borrowings. Despite this rise, borrower quality is improving, with more prime borrowers taking out loans. While consumption loans dominate, experts express concern over debt servicing for depreciating assets. India ranks fourth among emerging economies in household debt as a percentage of GDP.
Did HEG shares really crash 64% in one day? Here’s how the demerger math works
HEG shares opened nearly 64% lower on Monday as the stock adjusted for the company’s demerger, which split its businesses into two separately listed entities.