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Trends in borrowings of Indian Households from 2003-2019 » CEDA
Between 2003 and 2019, the overall level of household indebtedness remained largely stable, with approximately 40% of households carrying outstanding loans throughout this period. However, the composition of credit shifted markedly: commercial bank loans grew from 7% to 24%, while reliance on co-operatives (10% to 5%) and informal lenders (25% to 19%) fell, especially after 2013.