
How a credit card pandemic is gripping India
Just a decade ago, credit cards were a rarity, with stringent eligibility criteria. From two crore in 2011 to 10 crore in 2024, the number of credit cards issued in India has seen a phenomenal jump. With it has risen the spend on credit cards and the defaults. Now, India is facing a credit card...
Article published just few hours back by india today ,
Scary pic of a credit card monster hovering over an innocent shopper,
Using words like pandemic(too soon after covid) ,nightmare ,perilous path of debt and financial distress,
Telling stories of 3 individual who were not financially responsibile ,ended up spending beyond their means, but now playing victim card
Trying to confusing general public with big numbers
And just demonizing credit cards all together.
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