indian taking on more debt than americans

i am pretty scared about the level of debt some of my friends are taking. i cannot understand it.
it has become so easy now to take on debt as illustrated in my earlier posts a b.

it was interesting to see a morgan stanley report echo similar views.

India has been living on debt more than any other non-Japan Asian country or even the US, says the report, which is culled from the newsreport available here.