India's debt to GDP ratio increased from 74% to 90% during COVID-19 pandemic: IMF
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India's debt to GDP ratio increased from 74% to 90% during the COVID-19 pandemic, the International Monetary Fund has said, noting that it expects this to drop down to 80% as a result of the country's economic recovery. In our baseline forecast under the assumption of healthy economic growth in the medium term, we see debt returning to about 80 per cent over time," Paolo Mauro said.
