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How unfortunate that 'spending money you don't have' is considered backward. It kind of irked me because the piece isn't sensible. It's a cultural thing that In
by chandru89new 14y ago
How unfortunate that 'spending money you don't have' is considered backward. It kind of irked me because the piece isn't sensible. It's a cultural thing that Indian middle-class tends to be disciplined about expenses. And it's a good thing actually.
But like it's said, some men want to watch the world burn. Like how families in the US had to do double jobs to get rid of debt, the global consciousness wants Indians to suffer the same fate. Great.
- npguy 14y agoI replied to your comment on the original post: 'Thanks for the comment. Obviously, the use of the word “problem” sends out a message that somehow we think credit is good for India. Thanks for pointing that out – we have tried to fix that in the article, and hopefully as a result, the messaging changes as well. The intended messaging was this: the sheer scale of credit that would originate from India in the next 3-4 years cannot be ignored.'
- chandru89new 14y agoFair enough :) Sorry the reply here is late. I just logged in to check my profile.