Household Debt In India
February 13, 2013 4 Comments
Financial liabilities of Indian households have gone up sharply from Rs 31,779 crore in FY01 to Rs 2.74 lakh crore in FY12. The decade saw two major trends leading to a sharp rise in consumption expenditure. Home loans have now become popular with no stigma attached any more.The age bar of people opting for home loans has come down from those in mid forties to early thirties.Moreover, the very young have got addicted to credit card spending, leaving them with very little to save.
So guess why the real estate prices refuse to head south?And “premium”versions of consumer goods and services is the focus of businesses operating in India?
Have your financial liabilities increased in this decade?What assumptions are you making when you borrow more?Can you still manage safely if your assumptions fail?