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31Jul 2025

Global Debt Surge Risks for World Economy

Global Debt Surge: Risks Loom for World Economy Syllabus: GS Paper – 3 Inclusive Growth, Liberalization, Mobilization of Resources, Government Policies & Interventions, Monetary Policy, Fiscal Policy WHY IN THE NEWS? The OECD’s Global Debt Report 2025 warns of soaring sovereign and corporate debt, especially in developed economies, amid rising interest rates and tightening monetary …

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09Apr 2024

HOUSEHOLDS’ DEBT SURGED TO NEW HIGH BY DEC. 2023

Why in the news? Household debt in India reaches 40% of GDP, while net financial savings drop to 5%, signalling rising financial distress. source:slideserve What is Household debt? Household debt is the total amount individuals owe creditors. Includes loans for consumer durables, housing, and personal expenses like education or medical bills. Requires fixed payments of …

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