US not laggard , man. You are.

For those who are foolishly saying India is doing great while US is laggard! 

Any entity which is prosperous and whose business is widely spread tends to carry more debt also.

For instance, Reliance Industries has debt exceeding ₹1 lakh crore, and Adani Enterprises has debt over ₹50,000 crore—because these are wealthy business conglomerates. In contrast, the small grocer next door likely would not even have a ₹1 lakh business loan.

Next, growth of an entity or even a nation even if it seems modest in percentage terms, is significantly higher in absolute value. 6% growth on $4 trillion economy  (₹4 lakh crore dollars) would yield $240 billion next year. But even a 3% growth on $29 trillion economy (₹29 lakh crore dollars) would results in $870 billion. Means $630 billion more. Lower percent growth on larger base yields much higher absolute growth. 

let’s not even discuss per capita income in the U.S. and in India. It would be embarrassing. It’s less than 4% of US per capita income.