Debt of India's non-financial sector stands at 167.3% of GDP in Q1FY21

Household debt grew at a near record-low pace of 6 per cent YoY. The slowest was 5.7 per cent in Q4FY09. Household debt has risen to a new high of 33.1 per cent of GDP, up from 31.8 per cent in Q4FY20.

Outstanding debt in the non-financial corporate (NFC) sector increased 3.7 per cent YoY, the second lowest to record-low growth of 1 per cent in Q4FY20.

Central government's debt grew 15 per cent YoY in the quarter to rise to decadal high of 52.7 per cent of GDP. Central government debt as of Q1FY21 is estimated at Rs 101 lakh crore.

State debt (based on actual deficit data for 16 states) is estimated to have increased 13.3 per cent YoY to 13-year high of 29.1 per cent of GDP in Q1FY21.