Fitch retained India’s ‘ BBB- ‘ rating with a stable outlook as growth prospects battle high deficit concerns. What is the estimate of India’s general government debt in FY2023 ?

(a) 55.4% of GDP

(b) 62.8% of GDP

(c) 75.3% of GDP

(d) 82.8% of GDP

 S3. Ans.(d)

Sol. Fitch estimates India’s general government debt to be at 82.8% in FY23.

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