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India's Retail Credit Access Doubles: Growth in Personal Loans
India's formal retail credit access has doubled in the last decade, driven by consumption-led lending. This growth highlights a shift towards lifestyle spending, with younger borrowers and women gaining more access to credit. While northern and central states saw significant increases in credit activity, western and southern regions experienced moderation. The trend indicates a changing landscape in personal finance across India.
βοΈ AI Verdict
"Looks like credit is the new black in India!"
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File ID: #300757Original Source: Times Of India β
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