Economic Update: India's household debt rises to 23.9% of GDP in FY25, raising concerns about financial stress after pandemic growth:

Economic Update: India's household debt rises to 23.9% of GDP in FY25, raising concerns about financial stress after pandemic growth:

Daily Current Affairs   /   Economic Update: India's household debt rises to 23.9% of GDP in FY25, raising concerns about financial stress after pandemic growth:

Change Language English Hindi

Category : Business and economics Published on: April 30 2025

Share on facebook
  • A recent report by Morgan Stanley, a multinational investment bank and financial services company, shows that household debt in India has edged up slightly, reaching 23.9 per cent of GDP in financial year 2025 (FY25), an increase from 23.1 per cent the previous year.
  • The leading segment behind this surge is the uptake of retail loans, which includes personal borrowings for everything from homes to consumer goods. 
Recent Post's
  • Defence Minister Rajnath Singh launched CDS General Anil Chauhan’s book ‘Ready, Relevant and Resurgent II: Shaping a Future Ready Force’, showcasing a visionary roadmap for India’s future-ready armed forces.

    Read More....
  • Dr. Sonali Ghosh, Director of Kaziranga National Park, became the first Indian to win the IUCN’s prestigious Kenton R. Miller Award for pioneering community-driven conservation.

    Read More....
  • According to the IUCN World Heritage Outlook 4 report, climate change, invasive species, and wildlife diseases are threatening natural World Heritage sites, with India’s Manas, Sundarbans, and Western Ghats facing significant concern.

    Read More....
  • Archaeologists in Thirumalapuram, Tamil Nadu, discover one of South India’s oldest Iron Age burial sites, revealing ancient craftsmanship and burial practices.

    Read More....
  • The government has extended the tenure of the 16th Finance Commission till November 30, 2025, to allow more time for reviewing submissions from states and ministries.

    Read More....
  • India and Mongolia deepen cooperation with 10 MoUs covering aid, heritage, immigration, geology, cooperatives, and digital solutions.

    Read More....
  • According to the Labour and Employment Ministry and World Bank data, India’s female workforce participation has risen from 23% to 42% (2017-18 to 2023-24), leading BRICS nations in growth.

    Read More....
  • According to the Henley Passport Index 2025, Singapore tops the list with 193 visa-free destinations, while India ranks 85th with access to 59 countries.

    Read More....
  • Uttar Pradesh launches Gomti River Rejuvenation Mission to restore the river’s cleanliness, flow, and ecological health.

    Read More....
  • On 14 October, the International Electrotechnical Commission (IEC), the International Organization for Standardization (ISO), and the International Telecommunication Union (ITU) celebrated World Standards Day, honoring global experts who create international standards.

    Read More....