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.
Ellenbarrie Industrial Gases shares rise 5% after securing Rs 481 crore order from BHEL
Ellenbarrie Industrial Gases shares rallied 5.10% after the company secured a Rs 481-crore contract from BHEL to build a 1,200 TPD cryogenic Air Separation Unit