 | States' debt-to-GDP ratio worryingly higher than FY 2022-23 target: RBI annual reportThe RBI report noted that the budgeted consolidated gross fiscal deficit of 3.7 per cent of GDP for states for the year 2021-22 - lower than the 4 per cent level as recommended. |
 | India's external debt rises 2.1 per cent to USD 570 billionReserves to external debt ratio, however, increased to 101.2 per cent from 85.6 per cent during the same period, thereby consolidating the country's position as a net creditor to the world. |
