Household debt likely fell in Q1 on rise in GDP: SBI report

State-wise trend indicates that the rural households average debt more than doubled in 18 states for the 6 year period ended 2018, while 7 states witnessed the same for urban households. Importantly, 5 states, including Maharashtra, Rajasthan and Assam witnessed a simultaneous doubling in average debt across both urban and rural households during this period.

via Economictimes