Indian families half ... Rs. Under a debt pile of Rs 75 lakh crore

MUMBAI: Indian households' debt rose to Rs. 2 lakh crore has been reached. The Kovid-12 epidemic has widened the gap between household debt and GDP. According to the report, these qualities declined to 9 per cent at the end of the June quarter, rising sharply to 7.5 per cent at the end of FY2021 and 4.5 per cent in FY2017-20.

SBI's research report said, "We believe that in terms of percentage of household debt, household debt fell to 9 per cent in the June quarter, in line with the growth in the first quarter, although it increased in volume." The rupee has reached Rs 4.5 lakh crore at the end of FY21.

According to the research report, the average debt burden on rural and urban households has increased by 3% and 6% respectively for the six-year period ended in 2017.

As far as the states are concerned, the average debt of rural households has more than doubled in the six-year period ended in 2012 in 16 states. Importantly, the average debt of urban and rural households has doubled during this period in five states, including Maharashtra, Rajasthan and Assam. According to the Chainghainji Report 2016, the average debt of rural households was Rs 4.5 lakh and that of urban households was Rs 1.50 lakh.

According to SBI's research report, rural household debt increased to Rs. 1.15 lakh and the debt of urban families is Rs. It is expected to reach 2.5 lakh, which shows that the Koro epidemic has significantly increased the number of families. The debt-to-asset ratio, which is an indicator of family debt, has risen from 7.5 per cent in 2012 to 7.5 per cent in 2016.

The ratio of urban households has increased from 7.5 to 7.5. Kerala, Madhya Pradesh and Punjab are the three states where the debt-to-asset ratio has declined by at least 1 per cent in the six-year period ended in 2016.