Latest news with #Sujay
Economic Times
07-07-2025
- Business
- Economic Times
Stop glamorising EMIs: Financial analyst explains why India wants financially resilient citizens, not debt-slaves
A financial analyst reveals a worrying trend in India. Many individuals use a large portion of their income for EMI payments. This includes high-income earners. Household debt is now a significant percentage of India's GDP. This situation reduces savings and increases loan defaults. Experts suggest a shift towards financial literacy. They advise against relying on debt for lifestyle needs. Tired of too many ads? Remove Ads High-income groups also feeling the heat Tired of too many ads? Remove Ads RBI flags rise in loan defaults Lifestyle shift driving the crisis A financial analyst has raised alarm over rising household debt levels in India , revealing that nearly 33% of monthly salaries are being used to repay EMIs even before accounting for basic expenses like rent, groceries, or savings. The data, based on a recent study shared by the analyst, covers more than 3 million digitally active Indians and shows growing financial stress across income to Sujay U, the analyst who shared the findings on LinkedIn, higher-income individuals are not spared either. In many cases, up to 45% of their monthly income is going toward loan repayments. These include home loans, car loans, credit card dues, and buy-now-pay-later schemes.'In cities like Mumbai, just paying the home loan can eat up nearly half a paycheck,' Sujay study finds that household debt has reached 42% of India's GDP by the end of 2024. This is affecting the ability of people to build emergency savings or make long-term investments. National savings have declined to 5.3% of GDP, a 47-year low.'That number should rattle us all,' Sujay Reserve Bank of India has already highlighted an increase in defaults, especially in unsecured and microfinance loans. The concern is that even a small disruption in income—such as a job loss, illness, or economic downturn—could lead to widespread repayment pointed to a deeper issue behind the trend: 'The new EMI-driven lifestyle means flashy gadgets and instant gratification, but it's debt-driven and threatens long-term financial health.'He added, 'EMIs crossing 40% of net income are a red flag.' He urged that financial literacy and budgeting are no longer optional but have become essential life ended his post saying: "India's growth miracle depends on financially resilient citizens, not debt-slaves. Let's stop glamorising EMIs and start smart, sustainable wealth-building."
Time of India
03-07-2025
- Business
- Time of India
Stop glamorising EMIs: Financial analyst explains why India wants financially resilient citizens, not debt-slaves
High-income groups also feeling the heat Live Events RBI flags rise in loan defaults Lifestyle shift driving the crisis (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel A financial analyst has raised alarm over rising household debt levels in India , revealing that nearly 33% of monthly salaries are being used to repay EMIs even before accounting for basic expenses like rent, groceries, or savings. The data, based on a recent study shared by the analyst, covers more than 3 million digitally active Indians and shows growing financial stress across income to Sujay U, the analyst who shared the findings on LinkedIn, higher-income individuals are not spared either. In many cases, up to 45% of their monthly income is going toward loan repayments. These include home loans, car loans, credit card dues, and buy-now-pay-later schemes.'In cities like Mumbai, just paying the home loan can eat up nearly half a paycheck,' Sujay study finds that household debt has reached 42% of India's GDP by the end of 2024. This is affecting the ability of people to build emergency savings or make long-term investments. National savings have declined to 5.3% of GDP, a 47-year low.'That number should rattle us all,' Sujay Reserve Bank of India has already highlighted an increase in defaults, especially in unsecured and microfinance loans. The concern is that even a small disruption in income—such as a job loss, illness, or economic downturn—could lead to widespread repayment pointed to a deeper issue behind the trend: 'The new EMI-driven lifestyle means flashy gadgets and instant gratification, but it's debt-driven and threatens long-term financial health.'He added, 'EMIs crossing 40% of net income are a red flag.' He urged that financial literacy and budgeting are no longer optional but have become essential life ended his post saying: "India's growth miracle depends on financially resilient citizens, not debt-slaves. Let's stop glamorising EMIs and start smart, sustainable wealth-building."
Time of India
02-05-2025
- Entertainment
- Time of India
Shrimad Ramayan fame Sujay Reu on doing reality shows; says ‘It would be fun to contest in a show like Khatron Ke Khiladi'
, who recently captured hearts with his serene portrayal of Lord Rama in , is now expressing interest in exploring the world of reality television. The actor, known for his commanding screen presence and tall frame, revealed that his journey into acting was never planned. Tired of too many ads? go ad free now 'I remember during my college days, it was the first time I performed on stage, and the appreciation I received made me feel incredibly happy,' Sujay shared. 'Interestingly, I was considered for the role because of my height—I stand at 6'1. The thrill of performing and bringing stories to life pushed me toward acting.' He further shared, 'I was mesmerized by the thrill of performing, the opportunity to express creatively and the satisfaction of bringing stories to life. And I was sure to pursue acting as a career. Later, I took training in acting. Meanwhile, I tried auditioning for my debut show. And the selection was unexpected because I somehow felt that I wasn't ready that time. But thankfully, my viewers accepted me.' Although his first break came unexpectedly, Sujay has since built a strong reputation in the industry. He debuted in 2012 with Preet Se Bandhi Ye Dori Ram Milaayi Jodi, playing the lead role of Anukalp Gandhi. With notable roles in shows like Siya Ke Ram and Baal Shiv, he's now open to new challenges, particularly in reality TV. 'Reality TV shows are fun! I would love to try something like or . Even a cooking-based show like sounds exciting,' he said. 'For me, learning and growing through the process is what matters most. If a show challenges me or helps me learn a new skill, it's worth doing.' However, Sujay draws the line at certain genres. 'As of now, I'm not open to shows like . I'd rather stay away from that concept. I'm more inclined toward experiences that focus on personal growth and artistic exploration.'
