New Delhi, March 11 -- As India's household debt continues to grow, many consumers are faced with a pressing financial question: whether to pay off debt or invest their extra cash?This dilemma is particularly pertinent in today's economic backdrop, where issues such as: interest rates, repayment terms and potential investment returns play extremely important roles. That is why it is crucial to first clearly understand the terms and conditions of your debt. Apart from the same the following aspects are also required to be taken into consideration:

Before making a decision, it's essential to assess and understand your financial situation thoroughly. In this case it is important to be completely honest with yourself.

Clearly identify any h...