India Hasn't Joined the 'Empire of Debt' in the Past Decade - Chart Of The Day 11 September 2018 - Equitymaster

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India Hasn't Joined the 'Empire of Debt' in the Past Decade
Sep 11, 2018

The economies that were already at the brink of sovereign default in 2008 haven't done much better of late. But countries like China, which have doubled their debt obligation in the past decade, have added to the pressure.

But you would be wrong to assume that it's only the governments of these economies that have the debt problem. Rather it is corporate and individuals too that are heavily in bad debt.

India hasn't really joined this bloating empire of debt. It's among the few economies which has seen its overall debt to GDP fall in the past decade.

Nevertheless, after the oil and currency contagion, the global debt contagion is going to hurt all emerging markets alike. Including India.

Data Source:

This Chart Of The Day was published in The 5 Minute WrapUp - The Link Between the Rs 10 Billion IL&FS Default, the Next Lehman-Like Bankruptcy and My Latest Recommendation

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