“In terms of the debt ratio, India right now at the end of 2022, we’re projecting it at about 84 per cent of GDP. That is higher than in many emerging economies,” Paolo Mauro, Deputy Director, Fiscal Affairs Department, International Monetary Fund, said. Of course, India has a lot of special features being the most populous country in the world by now and being a very large, emerging economy, he said.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.