India’s debt-to-GDP ratio: Article, Story & Mindmap
From Current Affairs Notes for UPSC » Editorials & In-depths » This topic
Context: India's debt-to-GDP ratio has been a focal point in recent economic discussions, especially with the external debt reaching 3.8 billion as of March 2024. Despite this increase, the debt-to-GDP ratio has declined to 18.7%, marking a 13-year low. This improvement is attributed to robust economic growth and strategic fiscal management. The Reserve Bank of India highlights that the appreciation of the US dollar has influenced these figures, and anticipates further decline in the general government debt-to-GDP ratio, projecting a fall to 73.4% by 2030-31.
Introduction
- Definition of Debt-to-GDP Ratio
- The debt-to-GDP ratio is a metric that compares a country's total public debt to its gross domestic product (GDP).
- Expressed a
Related Posts
If you like this post, please share your feedback in the comments section below so that we will upload more posts like this.
Responses