Corona's havoc! India's debt burden increased, the debt-GDP ratio rises to 90 %

  • According to records released by the International Monetary Fund, India's debt-GDP ratio has reached historic lows due to the Corona epidemic.
  • The IMF said that in the year 2020, the country's debt was 74 percent, which has risen to 90 percent amid the COVID 19 crisis.
  • This means that if India's total production was Rs 100 in the year 2020, the debt burden increased to Rs 90.
  • The total GDP of the country was Rs 189 lakh crore in the year 2020, while the debt was about 170 lakh crore rupees.
  • The IMF has also said that due to the improvements being made in the country's economy now, this ratio may decrease soon.
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