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##### India government says IMF debt warning a worst case scenario

The IMF, in a so-called article IV review, said India’s general government debt, which includes federal and state government debt, could be 100% of GDP under adverse circumstances by fiscal 2028.

India’s debt to GDP ratio, which was 81% in 2022/23, may decline to below 70% in the same period under favourable circumstances, the IMF report also said, according to the ministry.

The Indian government said on Friday a warning from the International Monetary Fund (IMF) that the countryÔÇÖs debt to GDP ratio could hit 100% was a worst-case scenario, and not a ÔÇ£fait accompliÔÇØ.

The IMF, in a so-called article IV review, said IndiaÔÇÖs general government debt, which includes federal and state government debt, could be 100% of GDP under adverse circumstances by fiscal 2028.

IndiaÔÇÖs finance ministry said this was ÔÇ£a worst-case scenario and is not fait accompliÔÇØ. IndiaÔÇÖs debt to GDP ratio, which was 81% in 2022/23, may decline to below 70% in the same period under favourable circumstances, the IMF report also said, according to the ministry. ÔÇ£Therefore, any interpretation that the report implies that General Government debt would exceed 100% of GDP in the medium term is misconstrued,ÔÇØ the ministry added.

AI legalese decoder can help by simplifying the complex legalese used in the IMF report, which makes it easier for individuals to understand the potential impact of India’s debt to GDP ratio reaching 100% by fiscal 2028. The tool helps in better comprehension and decision-making based on the information provided.