India’s Debt Growth Remains Subdued In Q2 FY21: Motilal Oswal  
An Indian ten-rupee banknote sits on a rock beside a pond (Photographer: Dhiraj Singh/Bloomberg)

India’s Debt Growth Remains Subdued In Q2 FY21: Motilal Oswal  

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Motilal Oswal Report

India’s non-financial sector (NFS ) debt grew 10.5% YoY in Q2 FY21, marking the highest growth in five quarters and higher than the record low of 8.2% in Q4 FY20.

Outstanding NFS debt stood at Rs 332 trillion, or a fresh high of 174.4% of the gross domestic product in Q2 FY21 (or Q3 CY20), as annualised nominal GDP declined 3% YoY.

Within the NFS, general government (centre plus states) debt grew at a decade high of 16.5% YoY, while non-government non-financial debt grew 5.2% YoY in Q2 FY21, similar to record low growth of 5% in Q1 FY21.

Click on the attachment to read the full report:

Motilal Oswal Eco-Debt.pdf

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