India Aims to Copy China, But Not in Lending-by-App Craze Technology By Sunil yadav On Aug 22, 2022 0 Share (adsbygoogle = window.adsbygoogle || []).push({}); There’s a lot about Beijing’s decades-long infrastructure push and investment-led growth that India wants to emulate. But when it comes to the consumer economy, aping China’s out-of-control digital lending boom is strictly off the policy agenda. The Reserve Bank of India’s recently released guidelines for app-based loans show a clear desire to rein in the industry after its pandemic-era excesses. The RBI wants to strike a better balance between the ability of digital lending to…