10. INDIA - The elephant that does not budge
<ul id="pagination-digg"><li class="previous"><a href="/news/2011/08/02/worlds-10-biggest-debt-countries-china.html">« Previous</a>

Taj Mahal
India's external debt is around 15% of GDP. It's gross external debt is $237.1 billion as on December 31, 2010.

The country's external debt per capita is $195.

It's national debt is 55.9% of GDP.

In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms.

As a result of the financial crisis of 2007–2010, coupled with a poor monsoon, India's gross domestic product (GDP) growth rate significantly slowed to 6.7% in 2008–09, but subsequently recovered to 7.4% in 2009–10, while the fiscal deficit rose from 5.9% to a high 6.5% during the same period.

Currently, the country is facing high inflation due to many internal and external factors.

GoodReturns.in

<ul id="pagination-digg"><li class="previous"><a href="/news/2011/08/02/worlds-10-biggest-debt-countries-china.html">« Previous</a>

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+