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by chandru89new
4916 days ago
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How unfortunate that 'spending money you don't have' is considered backward. It kind of irked me because the piece isn't sensible. It's a cultural thing that Indian middle-class tends to be disciplined about expenses. And it's a good thing actually. But like it's said, some men want to watch the world burn. Like how families in the US had to do double jobs to get rid of debt, the global consciousness wants Indians to suffer the same fate. Great. |
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'Thanks for the comment. Obviously, the use of the word “problem” sends out a message that somehow we think credit is good for India. Thanks for pointing that out – we have tried to fix that in the article, and hopefully as a result, the messaging changes as well.
The intended messaging was this: the sheer scale of credit that would originate from India in the next 3-4 years cannot be ignored.'