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Easy credit boom in India fuels growing consumer debt risks
short by / on Friday, 16 May, 2025
Credit card spending in India has surged nearly fourfold since 2018, reaching ₹21.2 lakh crore recently. While easier credit access boosts consumption, many consumers risk falling into debt traps by overlooking fine print. Understanding credit terms and responsible borrowing are key to avoiding long-term financial strain in this rapidly changing credit landscape.
read more at The Core