India's debt ratio to reach 84 percent of GDP by year-end - International Fund
The Forecast 3 years ago General
Paulo Mauro, Deputy Director of the International Fund's Department of Financial Affairs, gave an interview to a private news agency. He said:-
India's debt ratio will be 84 percent of GDP by the end of this year. This is more than many developing countries.
However, it will be easily bearable for India. India's fiscal deficit stands at 10 percent of GDP. This is also slightly more than developing countries. There is a need to reduce fiscal deficit.
Cash exchange is better than other countries. India has reduced excise duty on petrol and diesel, benefiting car owners only. Therefore, the tax cut should be withdrawn. This is what he said.
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