{"id":155931,"date":"2026-11-04T03:04:11","date_gmt":"2026-11-04T03:04:11","guid":{"rendered":"https:\/\/bontrade.org\/blog49\/155931\/indias-middle-class-spending-boom-comes-with-growing-debt-bill\/"},"modified":"2026-11-04T03:04:11","modified_gmt":"2026-11-04T03:04:11","slug":"indias-middle-class-spending-boom-comes-with-growing-debt-bill","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/155931\/indias-middle-class-spending-boom-comes-with-growing-debt-bill\/","title":{"rendered":"India\u2019s Middle Class Spending Boom Comes With Growing Debt Bill"},"content":{"rendered":"<div>When 25-year-old restaurant worker Navjot Singh wanted an iPhone he couldn\u2019t afford on his monthly salary of 50,000 Indian rupees ($521), taking out a small loan made the purchase possible. A PlayStation and television set followed, along with loans for a wine and spirits course and a trip home.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>When 25-year-old restaurant worker Navjot Singh wanted an iPhone he couldn\u2019t afford on his monthly salary of 50,000 Indian rupees ($521), taking out a small loan made the purchase possible. A PlayStation and television set followed, along with loans for a wine and spirits course and a trip home.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[2012],"tags":[],"class_list":["post-155931","post","type-post","status-publish","format-standard","hentry","category-livecrudeoiltraderoomresults"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/155931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=155931"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/155931\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=155931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=155931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=155931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}