Comments by "Leslie Cheung" (@lesliecheung1478) on "Gravitas: India's RBI hikes key interest rates" video.

how many Indians have loans ? Hundreds of millions....this means they have to pay back more....if you are earning more then it isn't a problem. However....earning are getting less with raising cost. What does this mean ? With GDP per capita at around $1.9k......Indians are getting poorer and poorer because there isn't much left after paying out the cost of living so you need to borrow money to feed your family< Vicious cycle.....if GDP per capita was higher, then you should be ok but with it being so low.....times are getting harder for Indians.
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@toocooltocare1444 what is so hard to understand ? Base rate goes up, you have to repay more back. If you repay more, you have less money left to spend.
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if the majority of your citizens are in poverty, they will be in even more debt. If your income is low, there isn't much you can do to save money to repay the loans apart from starve. I have more than enough money to life on....cost goes up, I am still ok because my GDP is high enough. Face it, Indians are too poor and the government has done nothing to help....the only people they help are the corrupt rich people in India.
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@deadpool8580 it hits the poor worst and India is amongst the poorest in the world.
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@deadpool8580 me jealous of you guys starving, living in mud huts and using outside trenches as a toilet ? Sorry I have a much much higher standard.
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