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Financial liabilities of Indian households are at an all-time high
Are Indians Borrowing More Than They Can Repay? What the Data Shows

Household debt in India is on the rise. In a sign of increasing strain on savings, financial liabilities of households surged to an all-time high of 40% of gross domestic product (GDP) in the third quarter of 2023–24, driven by a rise in unsecured lending and home loans, and prompting calls for closer scrutiny

BY Kush Sharma

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