India’s Middle Class Spending Boom Comes With Growing Debt Bill

Fecha de publicación: 4 de noviembre de 2026, 1:00

When 25-year-old restaurant worker Navjot Singh wanted an iPhone he couldn’t afford on his monthly salary of 50,000 Indian rupees ($521), taking out a small loan made the purchase possible. A PlayStation and television set followed, along with loans for a wine and spirits course and a trip home.