New Delhi, July 10 -- India's credit landscape has changed rapidly over the past decade, with digital lending tools reshaping how people borrow. As part of the Mint Money Guru series, Sachin Seth, regional managing director, India and South Asia, at CRIF, discusses emerging trends in the lending space and the questions people should ask before taking on debt.

If you look at developed markets, credit penetration has traditionally been much higher, whether through credit cards, mortgages, or other formal lending products. Those ecosystems have evolved over several decades and are supported by a mature financial infrastructure.

India's journey has been different, but the progress over the last 10-15 years has been remarkable. Initiatives s...