Economy Watch - India’s Debt Growth Remains Subdued In Q4 FY21: Motilal Oswal
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Motilal Oswal Report
India’s non-financial sector debt grew 11.8% YoY in Q4 FY21 (or FY21), marking the highest growth in nine quarters and higher than the record low of 8.0% in Q4 FY20 (or FY20).
Outstanding non-financial sector debt increased to a fresh high of 177.6% of gross domestic product (or Rs 351 trillion) in FY21 vis-a-vis 154.1% of GDP in FY20 (Rs 314 trillion).
Within non-financial sector, general government debt (center + states) grew at an all-time high of 20.1% YoY in Q4 FY21, while non-government non-financial debt grew at a record low of just 4.5% YoY.
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