India’s Borrow-To-Spend Culture – Sanjay Kathuria On Good Vs Bad Debt

At the Business Today India @100 event, finance coach Sanjay Kathuria explains why understanding the difference between good debt and bad debt is crucial for India’s growth story. While the nation enjoys strong demographics, rising consumption, and a thriving entrepreneurial wave, irresponsible EMI culture and skyrocketing credit card debt could derail financial stability. From Amazon’s Big Billion Days sales where 75% of purchases are on EMIs to a shocking 44% rise in credit card debt in just one year, Kathuria warns against falling into a debt spiral and shares simple rules to maintain healthy spending habits.