India's household debt reaches 45.5% of GDP, with improved borrower quality, according to the RBI's Financial Stability Report.

Household debt has climbed to 45.5% of India's GDP, driven by a surge in non-housing retail loans, now making up over half of total borrowings. Despite this rise, borrower quality…

India's household debt reaches 45.5% of GDP, with improved borrower quality, according to the RBI's Financial Stability Report.