Tag: household debt

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“Rapid expansion of retail credit can deepen financial inclusion while simultaneously creating pockets of financial vulnerability.” Explain the safeguards required for responsible retail lending in India.

Topic: Inclusive growth and issues arising from it. Q6. “Rapid expansion of retail credit can deepen financial inclusion while simultaneously creating pockets of financial vulnerability.” Explain the safeguards required for responsible retail lending in India. (10 M) Difficulty Level: Medium Reference: IE Why the question The rapid expansion of retail and unsecured credit in India, …

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Assess the challenges faced by the Indian middle class in maintaining purchasing power despite sustained economic growth. Discuss the structural factors responsible for this trend.

Topic: Indian Economy and issues relating to planning, mobilization of resources. Q6. Assess the challenges faced by the Indian middle class in maintaining purchasing power despite sustained economic growth. Discuss the structural factors responsible for this trend. (10 M) Difficulty Level: Medium Reference: IE Why the question Despite sustained economic growth, concerns persist regarding declining …

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RBI Data on Household Debt and Asset Growth

Context: Recent RBI data (2024–25) reveal that Indian households are accumulating debt faster than assets, with annual liabilities rising 102% since 2019–20, outpacing the 48% growth in financial assets. About RBI Data on Household Debt and Asset Growth: What it is? The Reserve Bank of India’s financial accounts data track how Indian households build assets …

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