46% Indians Borrowed Money To Run Their Households During Pandemic: Report

  • According to a survey conducted by Home Credit India, nearly half of the population i.e. 46% had borrowed money to run their households during the pandemic.

  • The people were affected either due to job losses or pay cuts across all the different industries.

  • The COVID-19 financial crisis has forced these people to ask for help from moneylenders or more financially sound people in their families.

  • The survey was carried over 1000 people. Around 27% of the population borrowed money to pay their monthly installments.

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