India's Non-Sovereign Debt May Reach 150% Of GDP By 2047: Crisil - BW Businessworld
India's Non-Sovereign Debt May Reach 150% Of GDP By 2047: Crisil - BW Businessworld
Source: BW Businessworld
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DW NOTE
India's government debt sits at 82% of GDP. Crisil now projects total non-sovereign debt — corporates, households, state enterprises — will hit 150% by 2047. That's a forecast of private leverage rising faster than the economy for two decades straight. Either Indian credit growth becomes the perpetual motion machine of emerging markets, or someone at Crisil has confused a debt accumulation path with a development plan.