Top 10 Debt Ridden Countries; India Ranks 35


BANGALORE: Greece might be in the news lately for being in a sharp financial crisis but surprisingly there are countries that are deeper in this economic insanity of debts. These countries are buried under the massive mountain of debts that have reached some astronomical figures.

The countries stand under massive debts as a percentage of their GDP which are reaching the ceiling level. These rising levels pose a huge threat to the global economy resulting in a financial crisis. However, what’s more shocking is the fact that the most indebted countries are all rich.

Forbes recently compiled a list of nations with highest debts where world’s greatest economic powers USA, Russia and China rank 16, 43 and 22 respectively whereas India ranks 35.  Here’s the list of 10 countries that rank high on debts.

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