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Developed countries US, UK and Japan slided deep into debts due to recession hovering on them more. Especially Japan's loan books have grown to two times of their GDP. Where as US and UK's debts have more or less equal to their GDP.

The total amount of debts of these 3 developed nations have reached to 17 trillion Dollars (8,16,00,000 Crores) . This is 25 times more than India's debts. When we compare on GDP basis India's debt amount is not to be worried much as their GDP grows is going strong where YOY basis it is growing in close to two digit figures.

However India's loan books are also growing this year as they have much growth plans. Now as it stands their loan is close to 35,00,0000 however this is only 80% of India's GDP. Japan's debts have reached to 5 trillion $s already and they are seeming to increase to 8 trillion $s in coming years. Even US's debt kitty is close to 11 trillion $s. Due to recession as economic biggies are getting tumbled, GDP: DEBT ratio is going to increase phenomenally. If we compare with these nations India looks like it's well poised to put check to the alarming increase in GDP: DEBT ration

In recent months as US of A has announced a lot of stimulus packages to bail out toxic loans of many financial institutions. Due to this it’s Debts that are 11.4 trillion $ have surpassed its GDP, which is only 11 trillion, $ (as per IMF). Also as per information with IMF, US debts are going to surpass their GDP and by 2014 its debts are surely going to surpass their Gross domestic produce.