Indian households outdo emerging market peers on cutting debt levels

Only one among BRIC countries to have cut leverage to levels to pre-pandemic levels

Sachin P Mampatta | Mumbai
Last Updated at December 16, 2022 19:33 IST

Inflation and growth in nominal GDP growth had a role to play in the relatively lower levels of global debt seen in 2021, compared to 2020, according to the IMF’s 2022 Global Debt Monitor report

Indian households cut debt levels faster than major emerging market peers.

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