Household debt warrants close monitoring: RBI
With overall household savings declining to 18.4% of GDP in 2022-23 from an average of 20% of GDP over 2013-2022, household debt warrants close monitoring, says RBI
household debt
June 2024
January 2023
January 2022
Indian households, govt amass debt while India Inc. avoids loan trap
The core debt of Indian Non-Financial Corporates reduced from 58.3% to 52.3% of GDP, while government debt moved up from 69.5% to 82.4% of GDP in the last 5 years.
Households amass debt amid Covid-19 while corporate debt declines
Indian household core debt has gone up from 32.9% of GDP to 35.8% of GDP between 2016 and June 2021.
