India's debt-to-GDP ratio rose to 87.8% in FY21
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India currently has the highest debt level among our ‘BBB’ emerging market sovereigns and we expect it to remain the highest in this category over the next several years.
Jeremy Zook, Director, Asia Sovereign Ratings at Fitch Ratings
Read more at: https://www.bqprime.com/union-budget-2022/budget-2022-bringing-public-debt-down-requires-a-strong-growth-path
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People don’t understand this economics stuff. Below post is also related, actually government is worried they don’t downgrade India’s rating. This doesn’t include the state govt’s debt , if added will cross 100%.
You should see the report of India what this rating agencies say , then you won’t ask why companies don’t come to India and go to countries like Vietnam and other south east Asian countries.
https://www.desidime.com/discussions/worried-in...
People of India don’t ask proper questions, when it was told companies are leaving China after covid, how many came to India?
You’ve lower tax rates , then also only few want to come.
Masterstroke 😥