India has rebuffed the International Monetary Fund’s (IMF) projection that the nation’s government debt could surpass 100 percent of its GDP by 2027-28, calling it “misconstrued”, PTI reported. The finance ministry in a statement clarified that the debt situation in India isn’t as alarming as projected and highlighted several points to substantiate its stance.
“It is also noteworthy that the same report indicates that under favourable circumstances, the general government debt to GDP ratio may decline to below 70 percent in the same period. Therefore, any interpretation that the report implies that general government debt would exceed 100 percent of GDP in the medium term is misconstrued,” the…
