US student debt is more than India's GDP.

The student loan debt in the U.S. is at $1.6 trillion in 2020, which is lesser than India's GDP, which is at 203 lakh crores ($2.7 trillion).

The student loan debt in the U.S. is at $1.6 trillion in 2020, which is lesser than India's GDP, which is at 203 lakh crores ($2.7 trillion). The average student loan debt in the U.S. is around USD 32,731 and the total student loan debt as of the second quarter of 2020 is USD 1.6 trillion. As per the latest estimates, around 45 million people in the U.S. have student loan debt.

The GDP of India for the financial year 2019-20 is INR 203 lakh crore. This, when converted into USD in current prices, stands at around 2.6 trillion. Thus, we can conclude that the Total student loan debt is around $1 trillion less than India's GDP.

Reference links

Ministry of Statistics and Programme Implementation

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Federal Reserve Economic Data

neutral

Forbes

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