Fiscal fortitude: India’s debt-to-GDP report dwarfs shaky G7
Finances marks a big shift from a qualitative objective to a selected, measurable goal to 50 per cent by 2031. Since 2013, India’s common central authorities debt-to-GDP ratio has been 49.03 per cent. The USA’s central authorities debt-to-GDP ratio has remained above 100 per cent since 2020, as additionally Japan’s, Italy’s and UK’s (barring 2022, when it was marginally decrease)
