India's Gold Loan Crisis: Survival Debt Traps Middle Class
In India, gold is not a mere ornament; it represents generational savings, deep emotion, and ultimate financial security. However, fiscal year 2026 data reveals a staggering 115% surge in gold loans nationwide. This alarming spike reflects deep economic distress rather than growth.
Due to a strict credit squeeze on unsecured personal loans and rampant medical inflation, middle-class families...
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Bharat Aawaz
