Ticking Debt Bomb for Young India

Ticking Debt Bomb for Young India

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China vs US: The New War Over Cancer Drugs and Biotech Supremacy | The Morning Brief Decode

China challenged America's dominance in manufacturing, technology and artificial intelligence. Now, it is threatening another American stronghold: the pharmaceutical industry. Chinese biotech companies are developing breakthrough drugs faster and cheaper than their American count ...  Show more

Does Slumping Smartphone Demand Spell a Gloomy Diwali?

India’s smartphone market is heading into Diwali on a sour note. Shipments fell sharply in the July–September quarter, with the sub-₹20,000 segment hit hardest. A global memory-chip crunch is raising costs, pushing up prices and forcing buyers to delay upgrades, settle for fewer ...  Show more

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Gen Z is starting out with more debt
Marketplace All-in-One

A recent TransUnion report shows borrowers aged 22 to 24 are carrying an average of roughly $2,800 in credit card debt — adjusted for inflation, that’s more than millennials in the same age range a decade ago. Then, an ad for Apple’s latest iPad has gone viral … for the wrong rea ...  Show more

Are Indians struggling to pay bills?
Finshots Daily

In today’s episode for 26th October 2023, we look at whether the massive fall in household financial savings coupled with a boom in small-ticket loans is a reason for worry.

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How Chinese instant loan apps are creating a crisis in India
Unofficial Sources

In today's world, where there's a need, there's an app. With the onset of the pandemic, many Indians have been struggling to make ends meet, and the demand for credit has skyrocketed. While a plethora of banks and fintech startups exist for just this, opportunistic loan sharks al ...  Show more