Continues to stand out. Our general government Debt-to-GDP ratio, which includes the States’ debt, at approximately 81%, is the lowest among major economies after Germany. More importantly, India is the only major economy where the IMF projects this ratio to fall significantly to 75.8% by 2030 while the debt outlook for the advanced economies such as US, China, Germany, and others is projected to worsen.

~ Nirmala Sitharaman, Union Finance Minister of India

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