India's debt level is likely to decline: Moody's

On Thursday, releasing the report, Moody's said that India is the fastest growing GDP in the world which is estimated at an average of 11 per cent in nominal terms. 

New Delhi : Moody's Investors Service said that India's debt burden is expected to decline. Moody's Service said that India's fiscal structure will comfortably handle the debt owed by India. However, the good thing is that the debt burden is gradually coming down. Moody's said that as long as India's nominal GDP growth is maintained, India's debt burden will remain stable or decrease slightly.

On Thursday, releasing the report, Moody's said that India is the fastest growing GDP in the world which is estimated at an average of 11 per cent in nominal terms. This estimate is due to the decline in debt burden. According to the GDP figures released by the Government of India recently, the country's GDP is estimated to be 7.2 per cent in FY23. Let us tell you that the country's growth rate was 9.1 percent in the last financial year. On the other hand, the country's growth rate increased by 6.1 percent in the March quarter of FY23.

According to the data released by the National Statistical Office (NSO) NSO, there has been an increase in the country's agriculture sector, mining sector, construction sector, fin sector, realty sector. Not only this, India is the fifth largest economy. America, China, Japan and Germany are ahead of India. The country's Chief Economic Advisor Dr V Ananth Nageswaran had recently said that the figure could go up when the estimated 7.2 per cent GDP in FY23 stabilizes in early 2026. He said that the increase in GDP is due to the efforts of the people who have brought this figure to 7.2 percent in FY 23 after the figure of 9.1 percent in FY 22.