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Credit card spends - Is this good for the Indian economy?

Sarun George Sunny

The Way I See It • 2d

It's mixed bag for the Indian economy.On the positive side, it reflects rising consumer confidence, increasing digital adoption, and stronger demand ,which can fuel GDP growth, retail expansion, and financial sector development. But on the flip side, if this growth is driven more by borrowing than income growth, it could signal rising household debt and potential defaults later on which will ruin everything In short: great for economic growth , but needs healthy financial discipline to stay sustainable.

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