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India is on a path of fiscal consolidation, and the general government debt is expected to substantially decline in the medium to long term, according to the finance ministry. It responded to the International Monetary Fund s (IMF) staff report, stating that the general government debt could be 100% of GDP by FY28, clarifying that this was a worst-case scenario and not a fait accompli. ....
While there is broad consensus between the IMF and the government over the progress of the economy, there is some disagreement on how India is handling some of the underlying issues such as inflation and fiscal deficit ....