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

Name: Corona's havoc! India's debt burden increased, the debt-GDP ratio rises to 90 %
Uploaded: 2021-04-08T00:00:00.000Z
Description: According to records released by the International Monetary Fund, India&#39;s debt-GDP ratio has reached historic lows due to the Corona epidemic.The IMF said t

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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Narendra Modi

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Central Cabinet Minister

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