Projection of General government gross debt for India
GGGDTPINA188N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.85
Year-over-Year Change
-6.69%
Date Range
1/1/2024 - 1/1/2030
Summary
The 'Projection of General government gross debt for India' measures the total debt owed by the Indian government. This metric is crucial for assessing the country's fiscal sustainability and creditworthiness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The general government gross debt represents the total debt obligations of all government entities in India, including the central government, state governments, and local authorities. This comprehensive measure is widely used by economists, policymakers, and investors to evaluate India's public finance position and overall economic stability.
Methodology
The data is calculated and reported by the International Monetary Fund (IMF) based on official government finance statistics.
Historical Context
Trends in India's government debt levels are closely monitored by domestic and international stakeholders to inform economic and fiscal policy decisions.
Key Facts
- India's government debt reached 89.6% of GDP in 2020.
- Government debt has risen steadily from 69.6% of GDP in 2019.
- The COVID-19 pandemic has significantly increased India's fiscal deficit and public debt levels.
FAQs
Q: What does this economic trend measure?
A: The 'Projection of General government gross debt for India' measures the total debt obligations of the Indian government, including the central, state, and local authorities.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing India's fiscal sustainability, creditworthiness, and overall economic stability, which are key considerations for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated and reported by the International Monetary Fund (IMF) based on official government finance statistics.
Q: How is this trend used in economic policy?
A: Trends in India's government debt levels are closely monitored by policymakers, domestic and international institutions to inform fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated periodically by the IMF, and there may be lags or limitations in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Projection of General government gross debt for India (GGGDTPINA188N), retrieved from FRED.