Thursday, October 11, 2018

IMF : India's debt lower than the peers

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According to IMF India’s debt is lower than the best or emerging market economies in the world,  and it cautioned that the global debt has reached a new record high of $182 trillion in 2017.

In India, private debt in 2017 was 54.5 per cent of the GDP and the general government debt was 70.4 per cent of the GDP, a total debt of about 125 per cent of the GDP, according to the latest IMF figures. In comparison, China’s debt was 247 per cent of the GDP.

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