debt-to-GDP ratio Current Affairs, GK & News

Finance Ministry’s Monthly Economic Review

October 12, 2021

The Ministry of Finance recently released its “Monthly Economic Review for September 2021”. According to the report, Indian economy is on path of swift recovery from the impact of Covid-19 pandemic. Key Findings As per economic review report, sustained & robust growth in agriculture sector, rebound in manufacturing & industry sector, resumption of services activity ..

Month: 

Category: 

Topics:  • • • • •

IMF: India’s Debt to GDP increased to 90%

April 9, 2021

The International Monetary Fund recently announced that the debt to GDP ratio of India increased from 74% to 90% due to COVID-19 crisis. This is to increase to 99% in 2021. The international financial organisation has also stated that this is to reduce to 80% after economic recovery. What is Debt to GDP ratio? The ..

Month: 

Category: 

Topics:  • • • • •

Status Paper on Government Debt released

May 23, 2020

On May 22, 2020, the Ministry of Finance released Status Paper on Government Debt 2018-19. According to the report, the overall debt of centres and states declined by 68.7% in March 2018 to 68.6% in 2019. Highlights The Status Paper on Government Debt is being produced by the Ministry of Finance since 2010. Current debt ..

Month: 

Category: 

Topics:  • • • • •

Why India needs watch-dog for Fiscal Discipline?

April 1, 2019

The Chairman of the Fifteenth Finance Commission N K Singh has pitched for a fiscal council to enforce fiscal rules and better manage public debt. Why Fiscal Council? For state government liabilities, Article 293 (3) provides a constitutional check over borrowings. But there are no such restrictions on the Centre Hence there is a need ..

Month: 

Category: 

Topics:  • • • • • • •