How Indian households borrow
IHDS data shows that marriage in the family is one of the main reasons for borrowing, both in urban and rural areas
New Delhi: The evil moneylender, a staple of Bollywood movies in the 1970s and 80s, is not a figment of a scriptwriter’s imagination. Even today, well over one-fifth of rural households borrow from moneylenders, shows data from the Indian Human Development Survey (IHDS). That said, there has been a decline in the reliance on moneylenders and more households are borrowing from banks.