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.