Washington, October 12
India’s debt ratio is projected at 84 per cent of its GDP by the end of 2022, which is higher than many emerging economies, but its debt is a little bit easier to sustain, a senior official of the International Monetary Fund (IMF) has said.
Stressing that it is important for India to now have a very clear medium-term objective on the fiscal anchor, Paolo Mauro, Deputy Director, Fiscal Affairs Department, IMF, said there’s still not a whole lot of clarity. “It will be very important to give reassurance to people and to investors that things are under control, and things are going to become less vulnerable over time,” Mauro said.
India relatively a bright spot
Everyone is slowing down in terms of economic growth. India has not remained un-impacted, but is doing better. —Krishna Srinivasan, IMF director, Asia-pacific
“In terms of the debt ratio, we’re projecting it at about 84 per cent of GDP at the end of 2022. That is higher than in many emerging economies,” he said. Krishna Srinivasan, IMF Director
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(This story has not been checked by JK Mega and is auto-generated from other sources)