DebttoGDP

WASHINGTON: India is expected to have a stable debt-to-GDP ratio going forward, a senior official from the International Monetary Fund said on Wednesday and recommended rationalization and simplification of Goods and Services Tax…

The IMF has projected that India will grow at 9.5% and 8.5% this fiscal year and next after a contraction of 7.3% last year. It has projected global growth at 5.9% this year and 4.9% in 2022 in its latest World Economic Outlook, unveiled…

The government has for the first time revealed that it expects India’s debt-to-GDP ratio to go up in FY22 to a 16-year-high of 61.7% from 60.5% a year ago.According to the Reserve Bank of India’s Handbook of Statistics on the Indian…