In addition they discovered that Indian households have a debt service ratio (DSR) – the share of earnings used to service loans – of roughly 12%, much like Nordic nations. This ratio is greater than that of China, France, the UK, and the US, all of which have greater family debt ranges. The distinction is because of greater rates of interest and shorter mortgage tenures in India, leading to a comparatively greater DSR regardless of decrease debt-to-income ratios.
