The hidden debt behind rural India’s ‘prosperity’

How well rural consumption is doing is subjective. What isn’t subjective is how growing indebtedness, combined with stagnant income growth, is creating a tinderbox for households, banks and consumer companies that no one is talking about.

12 January, 202615 min
2
Google Preferred Source Badge
Share
Getting your Trinity Audio player ready...
The hidden debt behind rural India’s ‘prosperity’

Why read this story?

Editor's note: This is essential reading for anyone who is interested in the state of the Indian economy. Economists, CEOs and decision makers, make sure you don’t miss this. This story must also be read by anyone who uses the government’s narrative in their work to design strategies for selling a product or service, especially those catering to rural India.

You may also like

Internet
Story image

RBI’s fraud fix could give banks a headache

The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.

Business
Story image

The Gulf Report: IMF slashes growth projections for Mideast amid Iran war

The regional economy is expected to take a big hit in 2026, venture capital activity is starting to show signs of strain, and Saudi Arabia’s sovereign fund has a new investment strategy.

Business
Story image

How can India make the most of a bad situation amid Iran war?

Though the war in the Gulf is pinching the Indian economy, things aren’t too bad. But much needs to be done if the situation drags on or worsens, rather than waiting for it to come to pass.