SIP boom vs debt surge: Is India’s middle class getting rich or over-leveraged?
The first arrives on the 5th of the month: “Dear Customer, Rs 15,000 has been debited for your SIP in Nifty 50 Index Fund.” You feel a surge of pride. You are prudent, forward-looking, a participant in the India growth story.The second arrives on the 10th: “Dear Customer, your credit card bill of Rs 62,000…