“India owes USD 1,31,100 million to the world bank”
What FACTLY found
According to a Lok Sabha reply, dated 20 July 2018, as of March 2018, India’s outstanding loan with the World Bank stood at $ 34285.16 million. Moreover, as per the World Bank, as of 31 December 2021, India’s outstanding debt to IBRD & IDA, in regards to the various development projects stands at $ 18.6 billion and $ 0.72 billion, which adds up to $ 19.32 billion, which is much lower compared to the amount claimed in the viral post
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 16 January 2022. FACTLY (India) looked into it and published its finding on 18 January 2022, 2 days later. Its rating was “FALSE”.
Where the claim appeared
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.