Question
In its latest Fiscal Monitor report, the IMF showed that
India’s combined debt-to-GDP ratio (Centre plus states) will rise to _____ in FY27.Solution
In its latest Fiscal Monitor report, the IMF showed that India’s combined debt-to-GDP ratio (Centre plus states) will rise to 83.2 per cent in FY24 and will hit a high of 83.8 per cent in FY27 before it starts to moderate. The IMF projected that India’s combined fiscal deficit (Centre + states), which hit a high of 12.9 per cent in FY21 will continue to moderate to touch 7.6 per cent in FY29.
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