Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
GS 3 – ECONOMY Background The Reserve Bank of India’s (RBI) Financial Stability Report 2024 highlights a surge in household debt, with a shift toward more creditworthy borrowers. However, the growing trend of consumer loans raises concerns about broader macroeconomic stability. Household Debt Trends Debt-to-GDP Ratio: Increased from 36.6% in …
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