Households in southern states more indebted than rest of India: Report
The Hindu
Per capita income in southern states was higher than other states of the country, yet a higher indebtedness in both rural and urban households in these states may appear counterintuitive
Household indebtedness is higher in the southern states as compared to the other parts of the country, a report said on Tuesday.
Citing the All India Debt and Investment Survey (AIDIS) data from 2013-2019, domestic agency India Ratings said household indebtedness both in rural and urban areas was higher in southern states than rest of India.
In 2019, Telangana with 67.2% had the highest proportion of its rural households indebted and Nagaland with 6.6% had the lowest proportion of its rural households indebted.
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