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India's debt at Rs 135 lakh crore.. Increased by 5.29lakh percent
India's debt has increased by 5.29 lakh per cent in the last 70 years. The country's net debt stood at Rs 2,565.40 crore in 1950-51 and reached Rs 1,35,86,975.52 crore by 2021-22. The central government has responded to a question posed by social activist Inaganti Ravikumar under the Co-Act.
India debt 2014 vs 2021
The country's net debt stood at Rs. 62,42,220.92 by 2014-15. With the 2021-22 budget the debt reached Rs. 1,35,86,975.52 crores. Increased by 117% in seven years. In 64 years, the country's debt stood at Rs 62.42 lakh crore, while in the last seven years alone, it has borrowed Rs 73,44,754 crore.
In 1950-51, domestic debt stood at Rs 2,022.30 crore and foreign debt at Rs 32.03 crore, while by 2021-22, domestic debt had increased to Rs 1,13,57,415 crore and foreign debt to Rs 4,27,925.24 crore. Seven decades ago oil marketing companies, fertiliser companies, the FCI had no arrears to pay under the subsidy. Now the burden of those subsidies has reached Rs 1,62,827.90 crore.
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