India's Household Debt Surge: 28 Crore Borrowers with Rs 15.7 Lakh Crore in Outstanding Loans

Dec 05, 2025 09:46 pm CST

India is experiencing a significant rise in household borrowing, with the number of Indians holding outstanding debt doubling to 28.3 crore over seven years. Household financial liabilities have increased from Rs 3.8 lakh crore to Rs 15.7 lakh crore, and debt-to-GDP ratio has grown from 3% to 4.7%. The average debt per borrower now stands at Rs 4.8 lakh, raising questions about economic sustainability.