Guaranteeing education

India isn’t anywhere near the US where, at $1 trillion, student loans are the single-biggest source of bank debt and even exceed credit card loans, but is well on its way there, a recent presentation by KP Krishnan and P Suresh of the PMEAC shows—the views, however, are of the authors and not the PMEAC. Student loans in India are about 1.2% of all outstanding bank loans (automobile loans are 2.2% of all loans and housing loans around 9.4%), but they’re the fastest growing segment of loans, albeit on a much smaller base.

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