Money is an essential need for everyone's day-to-day life. The lack of sufficient funds leads to a demand for borrowing to fulfil their needs and desires. According to the 77th All India Debt Investment Survey by NSSO, 35 per cent of rural households and 22.4 per cent of urban households in India were in debt. Comparing it with the 59th and 70th rounds of the NSSO All India Debt Investment Survey shows that household debt in India has been increasing every decade. The study aims to understand the current state of household debt in India.