India’s Core Debt Lower Than Global Peers?

As per India’s latest Economic Survey, the core debt figures are lower than the global average. India’s core debt-to-GDP ratio is lower when compared to major economies of the world. Debt is a concern and we will pare it down, says FM Sitharaman. In a response to Udayan Mukherjee’s question about borrowing, she added that it was among the conscious efforts by the Centre to undertake to borrow made with a view to enabling growth.