The finance minister s comments comes after the International Monetary Fund flagged the possibility of India s general government debt exceeding 100 percent of GDP
According to the ratings agency, the Indian government’s aggressive fiscal target for the next financial year is unlikely to result in any significant changes in the country s sovereign credit profile.
India debt to GDP ratio 2023: The Central government on Friday highlighted certain assumptions in the IMF report on India's debt outlook that it said "does not reflect factual position." The Finance Ministry also contrasted India's situation with IMF reports on other nations, where the extreme debt-to-GDP ratios were notably higher: 160 per cent for the USA, 140 per cent for the UK, and 200 per cent for China., Economy News, Times Now