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India may not need sovereign rate cut but require credible debt management roadmap: Experts Experts feel that “signals” would be clearer post the upcoming Budget 2021 January 15, 2021 / 12:38 PM IST A sovereign rate cut may not be needed, given the high level of government debt. But, the country will require a “credible debt management roadmap”, experts told the Business Standard. Experts have said the debt to gross domestic product (GDP) ratio is likely to be around 90 percent in FY21 and its liabilities may remain high during FY22 as well due to demand for fiscal expansion, as per the report. They further projected that “signals” would be clearer post the upcoming Budget 2021.

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