Across country credit level comparison suggests that for India, the Debt-To-GDP ratio of government debt levels is equal to the average in the group of G-20 OECD countries and the group of BRICS nations.
- India’s overall Debt-To-GDP ratio is the lowest in the G-20 OECD countries and the BRICS group.
- In addition, Public debt and overall debt levels for India have declined since 2003 and remain stable since 2011.
- Opposed to high global debt levels, India’s public debt-to-GDP has been significantly smaller.
