The IMF, in  its  so-called  Article  IV  assessment,  said India’s  overall public  debt,  including  federal and state  debt, could  reach  100% of GDP under adverse circumstances by  FY28.  

 The Indian government  on Friday  said  the International Monetary  Fund’s  (IMF)  warning  that the  country’s debt-to-GDP  ratio could  reach  100% was a worst-case  scenario  and not a  “fait accompli”.  

 The IMF, in  its  so-called  Article  IV  assessment,  said  India’s overall public  debt,  including  federal and state  debt, could  reach  100% of GDP under adverse circumstances by  FY28.  

  India’s  finance ministry said this was  “a  worst-case scenario and  not  a  fait  accompli”. 

 According  to  the ministry, the IMF report also said that India’s debt-to-GDP  ratio, which was  81 per cent  in 2022/23,  could fall  below  70 per cent during  the same period under  favorable circumstances.  “Therefore, any interpretation that the report implies that  general government  debt  will  exceed 100% of GDP in the medium term is  erroneous,”  the ministry added.  

For more information visit at https://happenrecently.com/zepto/?amp=1