India’s youth borrowing big to get married
Delhi leads the way when it comes to overall lifestyle borrowing
Young Indians from the city led the tally at 27% in the entire lifestyle category
As much as 20% of all loans taken by young Indians in 2018-19 were to fund their own wedding, found a recent survey conducted by online lending platform IndiaLends. Chennai leads the trend with 24% of its youth borrowing money to meet wedding expenses, followed by Mumbai and Delhi. The platform interviewed 5,200 respondents between 20 and 30 years of age across six metro cities in the country.