The early onset of summer across India this year is more than just a shift in seasons ~ it is a signal of a deeper, systemic problem that threatens livelihoods, economic stability, and the foundations of India’s agrarian society.
India’s economic growth is often measured by rising consumption and expanding credit access. However, a closer look at recent spending patterns reveals an alarming trend; Indians are allocating nearly a third of their income to loan repayments.
In an era marked by economic turbulence and fluctuating market sentiments, the Reserve Bank of India’s (RBI) decision to hold its key interest rate steady at 6.50 per cent for the ninth consecutive policy meeting speaks volumes about its strategic approach to monetary policy.