When 25-year-old restaurant worker Navjot Singh wanted an iPhone he couldn’t afford on his monthly salary of 50,000 Indian rupees ($521), taking out a small loan made the purchase possible. A PlayStation and television set followed, along with loans for a wine and spirits course and a trip home.
When 25-year-old restaurant worker Navjot Singh wanted an iPhone he couldn’t afford on his monthly salary of 50,000 Indian rupees ($521), taking out a small loan made the purchase possible. A PlayStation and television set followed, along with loans for a wine and spirits course and a trip home.
<iframe src="https://statesidedaily.com/embed/cluster/91ab3c8965f333694618731d3ee1fd5221ca2a65" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="India’s Middle Class Spending Boom Comes With Growing Debt Bill"></iframe>
