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2013 saw a $313 trillion increase in global debt, with China and India leading the increase

<p>In a study released on Wednesday by the Institute of International Finance (IIF), the amount of debt in the world reached a new high of $313 trillion last year, up more than $15 trillion from 2022.</p>
<p><img decoding=”async” class=”alignnone wp-image-433080″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-2013-saw-a-313-trillion-increase-in-global-debt-with-china-and-india-leading-the-i-750×501.jpg” alt=”theindiaprint.com 2013 saw a 313 trillion increase in global debt with china and india leading the i” width=”1076″ height=”719″ title=”2013 saw a $313 trillion increase in global debt, with China and India leading the increase 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-2013-saw-a-313-trillion-increase-in-global-debt-with-china-and-india-leading-the-i-750×501.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-2013-saw-a-313-trillion-increase-in-global-debt-with-china-and-india-leading-the-i-1024×684.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-2013-saw-a-313-trillion-increase-in-global-debt-with-china-and-india-leading-the-i-768×513.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-2013-saw-a-313-trillion-increase-in-global-debt-with-china-and-india-leading-the-i-150×100.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-2013-saw-a-313-trillion-increase-in-global-debt-with-china-and-india-leading-the-i.jpg 1200w” sizes=”(max-width: 1076px) 100vw, 1076px” /></p>
<p>“Over $15 trillion was added to the global debt mountain last year, bringing the total to a new record high of $313 trillion,” the research said. According to a study citing IIF, “the global debt-to-GDP ratio declined for a third consecutive year, largely driven by mature markets.”</p>
<p>IIF estimates that the total debt was around $210 trillion roughly ten years ago.</p>
<p>According to Anadolu Agency, established markets like the US, France, and Germany accounted for almost 55% of the overall debt, with emerging countries like China, India, and Brazil also exhibiting an increase in debt.</p>
<p>The cumulative debt of emerging and developed nations increased to $104.6 trillion and $208.3 trillion, respectively, in the previous year.</p>

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