The latest Financial Stability Report (FSR) issued by the Reserve Bank of India in late June 2026 points out an interesting change in India's macro-financial environment. The report claims that India's household debt to GDP ratio hit an all-time high of 45.5%, up from 39.2% seen in March 2021. On the surface, a rising household debt to GDP ratio may reflect financial deepening and improved access to formal credit. But the argument remains incomplete; its macroeconomic implic

This article talks about how some countries are using their financial might to give "endless" to small nations, knowing that they won't...