08/10/2025
In a striking revelation, the World Bank’s 2023–24 report lists India as the largest debtor nation, with outstanding loans exceeding $38 billion(approx). While this number may appear alarming, economists suggest that India’s debt relationship with the World Bank is not a sign of distress but rather of aggressive development financing.
India tops the World Bank debt list with over $38 billion in loans. Here’s a deep dive into why India borrows the most, where the funds go, and how it impacts economic reforms and growth in 2025.