Household debt has climbed to 45.5% of India's GDP, driven by a surge in non-housing retail loans, now making up over half of total borrowings. Despite this rise, borrower quality is improving, with more prime borrowers taking out loans. While consumption loans dominate, experts express concern over debt servicing for depreciating assets. India ranks fourth among emerging economies in household debt as a percentage of GDP.

India's external debt reached $762.8 billion by March 2026, a rise of $26.3 billion year-on-year, pushing the debt-to-GDP ratio to 20.8%. The US dollar's strength significantly…

India's external debt rises to $762.8 billion, driven by private sector borrowings, while government debt declines, says RBI.

Household debt has climbed to 45.5% of India's GDP, driven by a surge in non-housing retail loans, now making up over half of total borrowings. Despite this rise, borrower quality…

India's household debt reaches 45.5% of GDP, with improved borrower quality, according to the RBI's Financial Stability Report.