In recent years, the Indian economy has seen rapid growth and transformation. This has led to increased incomes but also to a surge in consumerism influenced by Western cultures. A significant part of this shift involves the adoption of Western debt culture, wherein the convenience of credit cards and loans tempts many to live beyond their means. As a result, many Indians find themselves in a cycle of debt, paying EMIs (Equated Monthly Instalments) well into their later years.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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