While India’s focus on the debt-to-GDP ratio, a key repayment indicator, aligns with international benchmarks, analysts suggest the 50 percent target is attainable, provided the fiscal deficit is ...
With global interest rates higher for longer and fiscal consolidation back in focus, Budget 2026 is expected to signal how India balances growth ambitions with debt discipline.
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How much debt does India have?

According to the Receipt Budget 2026–27, the outstanding internal and external debt and other liabilities of the Government of India are estimated at Rs 214 lakh crore at the end of March 2027.
The move to debt-to-GDP comes after more than two decades of the Indian government targeting a reduction in the fiscal deficit.
With public debt near 60 percent of GDP and a stated goal of moving toward 50% by 2030, India’s sovereign balance sheet is ...
MUMBAI, Jan 21 (Reuters) - India's fiscal policy is expected to ‌turn more growth-supportive as the federal government ‌shifts to targeting the debt-to-GDP ratio starting April 2026, several ...
Finance minister sees 2026-27 fiscal deficit at 4.3% of GDP, down from 4.4% in 2025-26 India's government sees debt-to-GDP ratio falling to 55.6% in 2026-27 from 56.1% in 2025-26 New Delhi plans to ...
The Government remains committed to fiscal discipline while addressing social priorities, Finance Minister Nirmala Sitharaman said while presenting the union Budget for 2026-27 in Parliament on Sunday ...
India’s economy grew at a steady pace in 2025 despite a global climate of sluggish growth, decelerating investment and weakening trade. Estimated real GDP growth for 2025 is close to 7 per cent, ...
India Ratings and Research on Wednesday maintained a neutral outlook on Indian states’ finances for FY27, projecting the ...
As India prepares for the upcoming Union Budget, a subtle but significant shift in fiscal strategy is taking centre stage. Rather than focusing solely on a headline fiscal deficit number, the ...