Diwali, celebrated across India, is just a week away but the streets of Mumbai are already aglow with colourful decorations, lights, lanterns, crackers
Credit card spending in India reached a historic high of 1.48 trillion rupees ($17.8 billion) in August, raising concerns about potential defaults. This surge in spending comes as indebted households are borrowing more in preparation for the festive season, highlighting a trend of increasing indebtedness and decreasing savings among Indians.