“We estimate that household debt as a percentage of GDP has declined to 34 per cent in Q1 FY22 with the commensurate rise in GDP in the first quarter, though it has increased in absolute terms,” the research report released on Wednesday showed.source https://economictimes.indiatimes.com/industry/banking/finance/household-debt-may-have-declined-to-34-in-q1-fy22-sbi-report/articleshow/86226479.cms
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