New NABARD Grade A 2024 Results out!! Register here for a free live workshop on Feb 26, 2025 at 5 PM. Only on Zoom.

    Question

    In its latest Fiscal Monitor report, the IMF showed that

    India’s combined debt-to-GDP ratio (Centre plus states) will rise to _____ in FY27.
    A 81.4 percent Correct Answer Incorrect Answer
    B 83.8 percent Correct Answer Incorrect Answer
    C 85.2 percent Correct Answer Incorrect Answer
    D 86.1 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    In its latest Fiscal Monitor report, the IMF showed that India’s combined debt-to-GDP ratio (Centre plus states) will rise to 83.2 per cent in FY24 and will hit a high of 83.8 per cent in FY27 before it starts to moderate. The IMF projected that India’s combined fiscal deficit (Centre + states), which hit a high of 12.9 per cent in FY21 will continue to moderate to touch 7.6 per cent in FY29.

    Practice Next

    Relevant for Exams: