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      Question

      India’s external debt during the first quarter of

      2022-23 declined by USD ____ billion to USD 617.1 billion over the end-March 2022.?
      A 1.5 Correct Answer Incorrect Answer
      B 2.5 Correct Answer Incorrect Answer
      C 3.2 Correct Answer Incorrect Answer
      D 2.3 Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      India’s external debt during the first quarter of 2022-23 declined by USD 2.5 billion to USD 617.1 billion over the end-March 2022.The external debt to GDP ratio declined to 19.4 percent at end-June 2022 from 19.9 percent at end-March 2022. Learn Along: The debt-to-GDP ratio is the ratio of a country’s debt to its gross domestic product (GDP). Expressed as a percentage, the ratio is used to gauge a country’s ability to repay its debt. In other words, the debt-to-GDP ratio compares a country’s public debt to its annual economic output.

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