Global debt is on the rise. During the last ten years global debt has become more than double. Global debt is in trillion and the same is growing faster than global Domestic Product. The ratio of world debt to global GDP increased from 218 per cent to 266 per cent during the period of 2000 and 2010. In case of USA and Europe the ratio stood at 70 per cent of the GDP. India’s external debt scenario is much better than global debt scene. India’s external debt ratio to country’s GDP declined during the period 2000 and 2010. The debt service ratio has improved during this period. The present paper is dealing with the emerging trends in respect of global and India’s debt.

Global debt is on the rise. During the last ten years global debt has become more than double. Global debt is in trillion and the same is growing faster than global Domestic Product. The ratio of world debt to global GDP increased from 218 per cent to 266 per cent during the period of 2000 and 20...