Cabbies in Hyderabad hit EMI dead end, forced off road

The city’s pool of cabs has seen a drastic drop of around 50,000 in recent times — from 1.30 lakh to 80,000. Reason: A sharp rise in cabbies defaulting on loans. Haunted by the ghost of the pandemic, many cab drivers have had to give up their vehicles as they failed to pay EMIs. And with banks not entertaining a request for another loan, they’ve had no choice but to quit the profession.

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