Households’ debt surged between 2012 and 2018, then COVID-19 likely doubled it, says survey

Rural households’ average debt grew from ₹32,522 in 2012 to ₹59,748 by June 2018, while that of urban households increased by 42% in the same period to a little over ₹1.20 lakh, according to the All India Debt & Investment Survey

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