household debts in India

Gross debt in India

General government debt of India refers to the debts of the state, their states and municipalities, and also of public sector institutions such as social security funds.

The government debt in the period from 2000 to 2021 was between 345.0 billion and 2.67 trillion USD. The highest level of the last years at 2.7 trillion US Dollar was reached in 2021.

Based on the number of inhabitants, this is a debt of 1,899 USD per person. For comparison, the average debt per person in the same year in the European Union was 35,341 USD.

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Gross debt of the last 21 years in billion USD

YearIndia total% of GDPper capitaEU per capita
2000344.97 bn USD73.65%326 USD10,328 USD
2001382.19 bn USD78.73%356 USD10,404 USD
2002426.63 bn USD82.85%390 USD11,368 USD
2003512.91 bn USD84.40%461 USD14,148 USD
2004591.62 bn USD83.43%524 USD16,162 USD
2005664.61 bn USD81.01%579 USD16,918 USD
2006726.01 bn USD77.21%623 USD17,549 USD
2007901.81 bn USD74.12%762 USD19,574 USD
2008873.23 bn USD72.84%727 USD22,721 USD
2009959.69 bn USD71.52%788 USD23,701 USD
20101,112.61 bn USD66.40%901 USD25,145 USD
20111,251.48 bn USD68.65%1,001 USD28,417 USD
20121,242.51 bn USD67.98%982 USD27,784 USD
20131,257.25 bn USD67.71%982 USD30,021 USD
20141,368.30 bn USD67.10%1,056 USD30,832 USD
20151,452.50 bn USD69.05%1,098 USD26,170 USD
20161,582.10 bn USD68.94%1,182 USD26,655 USD
20171,847.46 bn USD69.68%1,364 USD27,535 USD
20181,902.66 bn USD70.39%1,390 USD29,172 USD
20192,126.94 bn USD75.12%1,538 USD27,927 USD
20202,379.04 bn USD89.18%1,704 USD32,227 USD
20212,673.25 bn USD84.16%1,899 USD35,341 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      India       European Union

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