Loans with gold and gold jewelry as collateral are big business in India. Formal gold-lenders have assets of $40bn. Smaller lenders make another $80bn inlays. Rates vary from 12-50%. Average loan size <$700.
economist.com/finance-and-ec… https://t.co/48yJrmmCCL
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…