Households Debt in India decreased to 11.60 percent of GDP in the second quarter of 2019 from 11.70 percent of GDP in the first quarter of 2019. Households Debt To GDP in India averaged 9.87 percent of GDP from 2007 until 2019, reaching an all time high of 11.70 percent of GDP in the first quarter of 2019 and a record low of 8.70 percent of GDP in the third quarter of 2012.
Households Debt To GDP in India is expected to be 11.20 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Households Debt To GDP in India to stand at 11.50 in 12 months time. In the long-term, the India Households Debt To GDP is projected to trend around 12.00 percent of GDP in 2020, according to our econometric models.