https://www.taxtmi.com/news?id=35506 Congress asserts a household indebtedness crisis caused by stagnating real wages and an unsustainable shift to credit led consumption, citing rapid growth in consumer and small ticket personal loans-predominantly from non banking financial companies-and a decline in household financial savings, which together undermine private investment and domestic financing for productive investment. en-us Thu, 27 Feb 2025 17:16:03 +0530 Thu, 27 Feb 2025 17:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=35506 Congress asserts a household indebtedness crisis caused by stagnating real wages and an unsustainable shift to credit led consumption, citing rapid growth in consumer and small ticket personal loans-predominantly from non banking financial companies-and a decline in household financial savings, which together undermine private investment and domestic financing for productive investment. News - Thu, 27 Feb 2025 17:16:03 +0530 https://www.taxtmi.com/news?id=35506