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household debts in India

Gross debt in India

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in India in the period from 1998 to 2020 was between 231.2 billion and 1.48 trillion USD. The highest level of the last years at 1.5 trillion US Dollar was reached in 2020.

Based on the number of inhabitants, this is a debt of 1,057 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.


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Gross debt of the last 22 years in billion USD




YearIndia totalIndia per capitaEU per capita
1998231.24 bn USD227 USD14,079 USD
1999239.66 bn USD231 USD14,032 USD
2000260.41 bn USD246 USD11,232 USD
2001276.75 bn USD257 USD11,255 USD
2002308.05 bn USD282 USD12,258 USD
2003347.70 bn USD313 USD15,286 USD
2004390.98 bn USD346 USD17,595 USD
2005428.08 bn USD373 USD18,327 USD
2006461.57 bn USD396 USD18,877 USD
2007577.16 bn USD488 USD20,898 USD
2008569.43 bn USD474 USD24,086 USD
2009662.29 bn USD544 USD25,361 USD
2010749.73 bn USD607 USD26,496 USD
2011834.48 bn USD667 USD29,231 USD
2012860.67 bn USD680 USD28,174 USD
2013872.32 bn USD681 USD29,981 USD
2014938.52 bn USD724 USD30,648 USD
2015962.89 bn USD728 USD25,918 USD
20161,044.88 bn USD781 USD26,261 USD
20171,173.88 bn USD867 USD27,024 USD
20181,193.55 bn USD872 USD28,448 USD
20191,306.38 bn USD945 USD27,168 USD
20201,476.17 bn USD1,057 USD30,783 USD


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



      India       European Union


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