New Delhi3 minutes ago
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Every person in India has an average debt of 4.8 lakh rupees. It was Rs 3.9 lakh in March 2023. It has increased by 23% in the last two years. That is, an average of Rs 90,000 has increased on every Indian.
The Reserve Bank of India (RBI) has given this information in its June 2025 Financial Stability Report. This news can scare many of you, many people may be worried. So know in question and answer, what will be the effect on your life…
Question 1: What does it mean to increase this debt?
answer : This means that people are borrowing more than before. This includes home loan, personal loan, credit card dues and other retail loans. Especially, non-hidden retail loans (such as personal loans and credit cards) have the highest share. This is 54.9% of the total domestic debt.
Question 2: Is the debt level in the country much higher than GDP?
answer : According to RBI, India has 42% debt of total GDP. The domestic loan is still lower than the second emerging economies, where it is 46.6%. That is, the debt situation in India is still under control. Also, most of the birpers are good rating, that is, they are less at risk of drowning money.
Question 3: Which sectors have the biggest increase in debt?
answer : Non-hidden retail loans such as personal loans and credit cards have increased the most. These loans are 54.9% of the total domestic debt. This is 25.7% of disposable income (spending income). Housing loans are 29% and most of them are also those who are already taking loans again.
Question 4: Is there any danger from this debt or need to be afraid?
answer : The Reserve Bank has said that there is no major threat from this debt. Most of the debt -ridden people are better rating. They are capable of repaying debt. Also, there has been a decrease in the rate of delicovancy rate i.e. the rate of non-payment of debt than the time of Kovid-19. However, there is little risk for those who have low ratings and more debt. The RBI believes that the flagable monetary policy (such as interest rate cuts) may reduce the pressure to repay the debt.