Just for curiosity, recently I was checking the external debt of India and what I found out, that left me just shocked. We many times hear India is heavily indebted country and each Indian has so much Rupees debt on head...blah...blah...blah...but list of world's most indebted countries shows something different picture. Amazingly the so called developed countries top this list. Is getting external debt a commercial tactic or real need of such countries? If such countries are so heavily indebted, then how can they be 'developed'? I failed to make out.
Top 10 most indebted countries of the world;
- United States – $13,450,000,000,000
- United Kingdom – $9,088,000,000,000
- Germany – $5,208,000,000,000
- France – $5,021,000,000,000
- Netherlands – $3,733,000,000,000
- Spain – $2,410,000,000,000
- Italy – $2,328,000,000,000
- Ireland – $2,287,000,000,000
- Japan – $2,132,000,000,000
- Belgium – $1,354,000,000,000
