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Govt debt set to hit historic high of 91% of GDP in FY21, says report

General government debt-to-GDP ratio stood at 75 per cent in FY20, according to the report by economists of Motilal Oswal Financial Services

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2 min read Last Updated : Aug 26 2020 | 10:01 PM IST

General government debt -- which is the combined liabilities of the Centre and states -- is likely to hit a record 91 per cent of GDP this fiscal, a brokerage report said on Wednesday.

This will be the highest in record since data began to be maintained in 1980.

General government debt-to-GDP ratio stood at 75 per cent in FY20, according to the report by economists of Motilal Oswal Financial Services.

The debt ratio is likely to be at a high 80 per cent by FY30 and is unlikely to fall to the targeted 60 per cent even by FY40 without further hurting

Topics : India GDP GDP Motilal Oswal Financial Services Government Debt

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