Question
What is the projected government debt-to-GDP ratio for
India by 2030, as per the same outlook?Solution
The projections indicate that India’s government debt-to-GDP ratio is expected to decline to 75.8% by 2030, from 81.3% in 2024. This trajectory of fiscal consolidation is presented alongside supportive structural factors such as a median age of 28.8 years in 2025 and expectations of rising domestic demand. Complementary context provided includes India potentially reaching $20.7 trillion in PPP terms by 2030 and becoming the third-largest economy in MER terms by 2028.
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