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could a helpful indian hner please explain what EMI means? (Triya Bhattacharya, 3rd point)

also, one thing i didn't read that surprised me when i stayed in the us for some time (in new haven) - the strength of the correlation between wealth and skin colour.

(comment deleted)
EMI means credit. Credit cards paid via "Equal Monthly Installments." Financing with monthly payments towards a loan or product purchase. Consider that businesses like Best Buy and Victoria's Secret offer financing on their own store-specific credit cards.

The clue is in the context from the article:

  It’s like the people there live on EMIs. Cars, phones, 
  everything. And even the lower middle class can afford 
  this stuff. It’s like everyone has an iPhone.
Also, my personal favorite:

  Grinding. The dance form.
...honestly, I'm an American, and I can't believe that one either.
ah thanks. exactly the same happens here in chile. even at the supermarket, they ask if you want to pay in installments.
Step 1: Find a popular quora thread

Step 2: Be a dick and cut and paste everyone's comments into your shitty blog post

Step 3: Profit!

At least he's not making me register for an account...