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'EMIs, ego, and ₹10 lakh car': Data scientist says India's middle class is fueling its own downfall - BusinessToday

Summary by businesstoday.in
India’s credit card debt has ballooned to ₹2.92 lakh crore in just four years. Personal loans have surged by 75%. But Gosar argues that no one was coerced. “Banks didn’t trap us,” he writes. “They offered the rope. We tied the knots.”
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businesstoday.in broke the news in on Monday, June 16, 2025.
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