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Every person in the world has a debt of Rs 11 lakh, how will this problem end? – Read

By News Update

Do you know that whoever is born in any corner of the world becomes a debtor. You will also say what a joke is this? But this is true. There is so much debt in the world that if it is distributed among every person in the world, then around Rs 11 lakh will be left in debt. According to a report, the total debt of the world is 102 trillion dollars i.e. Rs 8,67,53,95,80,00,00,001. Whereas the world population is 8.2 billion. The world’s largest economy i.e. America has the highest debt.

Whereas China, Japan, European countries are also included in this list. The special thing is that India is at number 7 in this list. On which there is a debt of 3 trillion dollars. Which may be less than the total GDP, but for an emerging market like India, this debt is also quite high. Let us also tell you what kind of figures have been presented in this report regarding the debt of the world and countries.

total world debt

According to the IMF report, the increasing debt of the world has become a big problem by the year 2024. The debt of America and China, the world’s largest economies, is continuously increasing. If we talk about global debt, it has come to 102 trillion dollars i.e. Rs 8,67,53,95,80,00,00,001. Whereas global GDP has reached 110 trillion dollars. This means that even though the world’s debt may be less than the global GDP, this debt has reached about 93 percent of the total GDP. Which is a very dangerous level. Many countries have taken more loans than their total GDP. Besides, some big countries have also reached the verge of default.

Loan of Rs 11 lakh on one person

The world has a debt of Rs 8,67,53,95,80,00,00,001, which is not less. The world population is 820 crores. If this debt is distributed equally among everyone, then each person will become a debtor of about Rs 11 lakh i.e. about 13 thousand dollars. This is an average data. It is expected to increase or decrease because the world’s population changes every second. If this average is taken as the base, then every person in the world has a debt of Rs 11 lakh, which is not less. In many countries, the lifetime income of a single person is not even this much. In such a situation, the average loan of Rs 11 lakh is a very dangerous level.

How much debt do the big countries of the world have?

  1. The world’s largest economy has the highest debt of 36 trillion dollars, which is 125 percent of its total GDP. The special thing is that America’s share in the total debt of the global economy is 34.6 percent.
  2. On the other hand, China’s debt is also not less. The world’s second largest economy had a debt of $14.69 trillion last year. This means that China’s share in global debt is 16.1 percent.
  3. At the third place is Japan, which has a debt of 10.79 trillion dollars. Its share in global debt is 10 percent.
  4. Britain’s debt is also not less. In the year 2023, Britain had a debt of $3.46 trillion, which is 3.6 percent of the global debt.
  5. In terms of debt, France is at fifth place and Italy is at sixth place. France currently has a debt of 3.35 trillion dollars. Whereas Italy has a debt of 3.14 trillion dollars.

What is the situation in India?

If we talk about India, it is at 7th position in terms of debt. India, the world’s fifth largest economy, has a debt of $3.057 trillion. Whereas India’s total GDP is 3.7 trillion dollars. In such a situation, India’s debt is less than the total GDP, but the volume of debt is quite dangerous for an emerging economy like India. If we talk about share in global debt, it is 3.2 percent. There are some countries in the world which have very less debt. Iraq, Chile, Czech Republic, Vietnam, Hungary, UAE. Bangladesh, Ukraine, Taiwan, Romania, Norway, Sweden, Colombia, Ireland and Finland. At the same time, the share of Pakistan’s total debt in global debt has been seen at 0.3 percent.

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