India’s middle class is in silent crisis, warns Delhi-based chartered accountant Ayussh Sanghi. “We’re not saving for the future anymore—we’re borrowing just to survive the present.” What was once a badge of financial discipline has now morphed into a cycle of swipe-now, worry-later. EMI iPhones, BNPL dinners, PayLater wardrobes—this isn’t aspirational spending, Sanghi argues in … Read more
Gone are the days when a family’s limited savings meant settling for a simpler wedding. The easy availability of wedding loans has made lavish celebrations more attainable. These personal loans offer instant financial assistance, making them appealing to many. However, these personal loans often come with high interest rates, typically ranging from 10-20%, depending on your … Read more
China has been regarded the world’s largest creditor as its total outstanding claims exceed more than 5% of the global GDP. It has even surpassed the world’s official leading creditors such as IMF, World Bank etc. Till 2019, China Development Bank and China Import-Export bank granted loans worth almost $120 billion to the developing countries … Read more
The COVID-19 pandemic has severely hit the financial well-being of people. Retail loans in India almost doubled in 2020 as compared to 2017, as per a report by TransUnion CIBIL. Digital lending of small amount has further accelerated the demand. Is it a good idea to avail easy credit in case of an emergency? Is … Read more