imf: India has high debt like China, but risks are moderated: IMF
India's debt is high, standing at 81.9% of GDP, similar to China's 83%. However, the risks associated with India's debt are not as great as China's. India's debt is projected to fall slightly to 80.4% in 2028, due to its high growth rate. Factors that moderate the risks include long maturities of debt and domestically held debts denoted in domestic currency. However, state-level risks in India, with high debts and interest burdens, pose significant risks.
Source: indiatimes.com