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:
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Economic Update: India's household debt rises to 23.9% of GDP in FY25, raising concerns about financial stress after pandemic growth:
Category : Business and economicsPublished on: April 30 2025
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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.
