The Global Vault · World Debt Dashboard
Country

India Debt View

India’s debt narrative is about pace. The balance sheet can remain workable if nominal growth keeps beating the real cost of funding, but that depends on capital spending landing well and state-level borrowing staying productive.

South AsiaLower middle incomeGrowth versus real funding costGlobal Debt Analysis 2025 workbook and Global Debt Analysis 2024-2025 slide deck.

I. Sovereign and Private Leverage

Global Debt Analysis 2025 workbook
Total Gross Debt Pace
Public Debt Pace
Household Debt Pace
Corporate Debt Pace
Total Gross Debt / GDP 174.5%
Public Debt / GDP 82.5%
Public Debt Rank #5
Total Leverage Rank #3

II. Debt-Service Stress

Global Debt Analysis 2024-2025 slide deck
Nominal GDP Pace
Interest Share of Revenue 26%
Debt Service to Revenue 30%
Top Concern Nominal growth vs real funding cost
Interest Burden Rank #3
Region South Asia
Watch Focus

Growth versus real funding cost

India is tracked on the global surface because this country compresses one or more of the key debt-clock narratives into a single case study.

  • Public debt sits at 82.5% of GDP in the 2025 workbook.
  • Capex efficiency is the core strategic variable.
  • State-level borrowing discipline matters as much as the sovereign headline.
Sources

Primary source stack

This page stays close to the same public sources used across the global dashboard, so you can follow the numbers with confidence.

  • Global Debt Analysis 2025 workbook
  • Global Debt Analysis 2024-2025 slide deck

Why this page matters on the global surface

India belongs on the global watchlist because sovereign debt alone rarely tells the full story. This page keeps public debt, private leverage, creditor pressure, and development tradeoffs close together so you can read the country as a system instead of a single headline number.

South AsiaLower middle incomeGrowth versus real funding costGlobal Debt Analysis 2025 workbook and Global Debt Analysis 2024-2025 slide deck.
What this page adds

Built to make the debt story easier to read

Agentic pages are designed to help you stay with the subject long enough to understand it. Each one pairs the key signals with enough explanation to turn a fast scan into a clearer reading.