New Delhi, Dec. 8 -- India's lower-middle class is moving from borrowing for survival toward borrowing for advancement, signalling a decisive cultural shift in credit behaviour, according to the seventh edition of Home Credit India's annual How India Borrows (HIB) study.
Representing nearly two-thirds of the population, this segment is increasingly using credit to improve living standards, invest in entrepreneurial ventures, and build long-term financial security. The study identifies a growing cohort of strategic borrowers who view credit as an enabler of upward mobility rather than a last-resort safety net.
The 2025 report is anchored around four themes, credit as a driver of aspiration, the rise of digital lending, evolving borrower de...