Debt of Rs 53,000 on every Indian

New Delhi: You may have not taken a loan, but still you have a debt of Rs 53,000 on you. You may note believe this, but this is true. The figure has gone up by 9% since March 2015.

The per head debt on all Inidans is calculated on the basis of the total debt of the Central government.In March 2015, per capita debt was Rs 49,270, up from Rs 30,171 in March 2010. This information was given by Finance Minister Arun Jaitley in a written reply during the recently concluded Parliament session.

The government an interest of Rs 4,41,659 in the financial year 2015-16. Jaitley said that the reason for rise in per capita debt was due to rise in expenditure on developmental schemes.

Government's total debt comprises external debt, internal debt and other liabilities. (News24Bureau)