<h1>Per Capita Debt Rises by 9.2% in 2016 Due to Increased Government Borrowings; Fiscal Consolidation Planned for Reduction.</h1> The per capita debt increased by 9.2% from March 31, 2015, to March 31, 2016, with internal debt rising by 9.3% and external debt by 5.1%. In absolute terms, per capita total debt rose by Rs. 4,525, internal debt by Rs. 4,446, and external debt by Rs. 80. This increase is primarily due to higher government borrowings, with internal debt comprising 97% of the total. The government aims to reduce fiscal deficit and debt through fiscal consolidation and active debt management strategies, including switching short-term bonds with longer-term securities. Demonetization is unrelated to per capita debt reduction.