Situation Analysis
Like for the rest of the world, the Covid pandemic did not just create a crisis of lives and livelihoods, it made people lose their confidence. As a result, consumers withheld spendings with the potential of halting the wheels of the economy. There was a need to bring financial confidence back. Home Credit India's survey on people's borrowing patterns helped present a picture of hope and confidence to revive financial sentiment.
The outbreak of COVID-19 in 2020 triggered a humongous health and financial crisis for India and Indians. Almost all economic activity came to a sudden halt, even...