Household debt climbs to 45.5% of GDP as consumption loans fuel retail demand: RBI FSR
RBI's Financial Stability Report pegs household debt at 45.5% of GDP, up from 41.3% in FY25, led by non-housing retail loans (58.4%) and consumption credit (~50%). Improving borrower profiles signal sustained spending capacity that underpins Indian retail demand.
RBI's Financial Stability Report shows Indian household debt rose to 45.5% of GDP, driven largely by non-housing retail and consumption loans, signaling sustained consumer borrowing and spending capacity relevant to retail demand.