India's declining debt ratio strengthens overall economic stability
India's declining debt to GDP ratio indicates long-term economic stability
Updated: 13 Jan 2023, 02:06 PM IST
TL;DR.A lower Debt to GDP can help India attain better financial stability. Also, lower stressed assets helps in freeing up banks capital & lower debt for households creates a conducive environment for blooming consumer demand, report mentioned.
First Published: 13 Jan 2023, 02:06 PM IST
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