S&P Global Ratings reported that state-backed digital initiatives in India could lead to a tripling of retail borrowing by 2030, raising household debt to USD 2.5 trillion. Despite a rise in financial inclusion, credit penetration remains low. Micro-loans to low-income earners may grow, and finance companies dominate mass-market loans.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/okFq54s
