Claim : Every Indian is under a debt of ₹4.8 lakh and in the last two years, this has increased by 23%, adding ₹90,000 to their debt.
Conclusion : False. The figure refers only to loan borrowers, not the entire Indian population.
Rating : Totally False — 
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A viral youtube short published on July 3, 2025 referencing the RBI’s June 2025 Financial Stability Report, claims that every Indian citizen owes ₹4.8 lakh. Published by the youtube channel, “GK Education Wire”, the post has garnered around a million views.
The youtube video with hindi text reads : हर भारतीय ₹4.8 लाख का कर्जदर्ज । भारत के हर यक्ति पर औसतन 4.8 लाख पए का कर्ज है। मार्च 2023 मयह 3.9 लाख पए था। बीतेदो साल मइसम23% क बढ़ोतर हुई है। यानी, हर भारतीय पर औसतन 90,000 पए का कर्ज और बढ़ गया है। रि जर्व बक ऑफ इंडि या (RBI) नेजनू 2025 क फाइनशियल स्टेबिलिट रिपोर्ट मयह जानकारी दी है।
Translated into English :
Every Indian owes ₹4.8 lakh in debt. On average, every person in India carries a debt of ₹4.8 lakh. In March 2023, this was ₹3.9 lakh. Over the last two years, this has increased by 23%. That means, on average, each Indian has ₹90,000 more in debt. The Reserve Bank of
India (RBI) gave this information in its Financial Stability Report of June 2025.
Similar versions of this was shared on X like the one by the twitter handle “Dainik Bhaskar” with the caption “भारत के हर यक्ति पर औसतन 4.8 लाख पए का कर्ज है। मार्च 2023 मयह 3.9 लाख पए था। बीतेदो साल मइसम23% क बढ़ोतर हुई है।”
Translated into English, it reads :
On average, every person in India carries a debt of ₹4.8 lakh. In March 2023, this was ₹3.9 lakh. Over the last two years, this has increased by 23%.”
भारत के हर व्यक्ति पर औसतन 4.8 लाख रुपए का कर्ज है। मार्च 2023 में यह 3.9 लाख रुपए था। बीते दो साल में इसमें 23% की बढ़ोतरी हुई है। #Loan
पढ़ें पूरी खबर-https://t.co/GXaiTJZe2M pic.twitter.com/GB8PJJU4Cn— Dainik Bhaskar (@DainikBhaskar) July 1, 2025
FACT CHECK
DigitEYE India decided to debunk this false claim by analyzing the official RBI Financial Stability Report of June 2025. The ₹4.8 lakh figure refers to the average outstanding debt per borrower, not per citizen. According to the RBI Financial Stability Report June 2025, “the average debt per individual borrower increased from ₹3.9 lakh to ₹4.8 lakh” between March 2023 and March 2025. This excludes individuals who have not taken any loans.
Find the image of the chart and information below:
The ₹90,000 increase is accurate only for borrowers and not every Indian citizen that the fake Youtube short claims.It reflects the increase in average debt per borrower, not per capita debt for all Indians.
The Economic Times in their article here has also affirmed that the ₹4.8 lakh figure is not for all citizens.
Thus, the 23% increase is accurate but it applies only to the verage of those with outstanding loans. The clarification of “per capita debt of borrowers” is of utmost importance here. Hence, the claim is false.
