New 55% Off on All Courses - Enroll Now! Click Here

    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.

    Practice Next

    Relevant for Exams: