Skip to navigationSkip to content
TOXIC

The total amount of bad loans in India’s banks is bigger than the GDP of 112 countries

This article is more than 2 years old.

India’s burden of bad loans is truly gigantic.

An analyst from India Ratings and Research, a credit ratings agency and a unit of Fitch Ratings, told Reuters that stressed loans or non-performing assets in India are worth Rs13 lakh crore ($195 billion). A loan becomes non-performing or bad when the borrower stops making any principal or interest payments.

Quartz compared the size of India’s toxic loans with the GDP of all the countries listed on the World Bank’s database (data is for 2014, calculated at current prices).

Here’s what we found: India’s bad loan burden is bigger than the GDP of 112 countries. But for the sake of brevity, we’ve only listed 50 below.

📬 Kick off each morning with coffee and the Daily Brief (BYO coffee).

By providing your email, you agree to the Quartz Privacy Policy.