Coming to loans, personal loans increased by 13% in FY25 and FY26 which is softer versus the earlier years. Also, the recent resurgence in personal loans has been supported by the GST rate cut which is driving the demand for automobiles and the spike in gold price is driving the gold loans growth.
India's affluent consumption story is entering a more challenging phase as artificial intelligence begins reshaping white-collar employment. Kunal Vora, Head of India Equity Research at BNP Paribas, says early signs of stress could emerge in entry-le... [11881 chars]
Source: The Economic Times
Read on original siteQuestions about how this affects your business? Speak with a PJRJ partner.