India’s debt to GDP ratio by 2030-31 will be much lower than IMF’s projection: RBI paper

February 20, 2024

The Indian government should focus on development, as per a research paper by RBI. The paper shows that the general government debt-GDP ratio could decline to 73.4% by 2030-31, 5 percentage points lower than the IMF’s projection. Further fiscal tightening is needed for sustainable growth.

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