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Ohh, then I think it will cause increase in consumer spending and digitalisation of transactions. This digitalisation will provide data about consumer spending and will help banks provide loans to them just like what Bharat Pe did. Tho i don't see any big negative effects apart from over spending and digital scams. What do you think?
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Indian household debt has skyrocketed, reaching Rs 120 trillion in March 2024, a 56% increase since June 2021. This has pushed the debt-to-GDP ratio to 42.9%, raising concerns about consumer spending. With housing loans comprising 30% and vehicle
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Understanding the Recession Snowball Effect A recession is a period of economic decline marked by reduced consumer spending, business slowdowns, and increased unemployment. The Recession Snowball Effect starts when people shop less, leading to lower
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