LOGO

Financial news
Home
Knowledge Hub
Indian government says IMF debt warning a worst case scenario
2023-12-26 12:21:50

NEW DELHI (Reuters) - The Indian government said on Friday a warning from the International Monetary Fund (IMF) that the country's debt to GDP ratio could hit 100% was a worst-case scenario, and not a "fait accompli".


The IMF, in a so-called article IV review, said India's general government debt, which includes federal and state government debt, could be 100% of GDP under adverse circumstances by fiscal 2028.


India's finance ministry said this was "a worst-case scenario and is not fait accompli".


India's debt to GDP ratio, which was 81% in 2022/23, may decline to below 70% in the same period under favourable circumstances, the IMF report also said, according to the ministry.


"Therefore, any interpretation that the report implies that General Government debt would exceed 100% of GDP in the medium term is misconstrued," the ministry added.

create_account

×
1
personal_identification
2
address_verification
3
employment_financial_profile
4
trading_experience_risk_awareness
5
professional_account_eligibility
6
source_of_funds_compliance
7
corporate_entity_information
8
review_submit

personal_identification

valid_email_address
valid_phone
valid_password
valid_confirm_password
field_required
field_required
field_required
field_required
field_required
field_required
field_required
field_required
field_required

address_verification

field_required
field_required
field_required

employment_financial_profile

field_required
field_required
field_required
field_required
savings_and_investments_excluding_property_help
field_required

trading_experience_risk_awareness

field_required
field_required
field_required
field_required

professional_account_eligibility (optional)

source_of_funds_compliance

field_required

corporate_entity_information

complete_this_section_if_corporate_account

review_submit

review_submit_note
field_required
field_required
field_required

registration_successful

registration_successful_message