India: Household debt to GDP
* indicates monthly or quarterly data series
The most recent value is 42.9 percent as of June 2024, an increase compared to the previous value of 42.7 percent. Historically, the average for India from June 2007 to June 2024 is 37.47 percent. The minimum of 31.9 percent was recorded in September 2016, while the maximum of 44.7 percent was reached in September 2007.
Click on the following link to see the values of: Household debt to GDP around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: The Bank for International Settlements
| Recent values | India: Household debt to GDP, in percent |
|---|---|
| 2024 Jun | 42.9 |
| 2024 Mar | 42.7 |
| 2023 Dec | 42.3 |
| 2023 Sep | 41.1 |
| 2023 Jun | 41.6 |
| 2023 Mar | 40.5 |
| 2022 Dec | 40.2 |
| 2022 Sep | 39.2 |
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Definition: The total outstanding debt of households to banks and other financial institutions as percent of GDP.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 5.6 | 2023 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 84.9729 | 12/2024 | Local Currency Units per USD |
| Money supply (broad money) | 258,788.48 | 9/2024 | billion |
| Consumer Price Index (CPI) | 199.4000 | 11/2024 | index points |
| Inflation, monthly | 1.32 | 11/2024 | percent |
| Inflation, annual | 7.03 | 11/2024 | percent |
| Private sector credit | 163,025.67 | 9/2024 | billion |
| Business credit | 107,058.48 | 9/2024 | billion |
| Household credit | 55,967.19 | 9/2024 | billion |
| Mortgage credit | 28,455.05 | 9/2024 | billion |
| Consumer credit | 27,512.14 | 9/2024 | billion |
| Deposit interest rate | 6.96 | 10/2024 | percent |
| Policy rate | 6.50 | 11/2024 | percent |
| Household debt to GDP | 42.90 | 6/2024 | percent |
| Debt service ratios for private non-financial sector | 11.90 | Q2/2024 | percent |