📷 Image: Wikimedia Commons / Vyacheslav Argenberg
Business
RBI Deputy Governor: India sole major emerging economy to cut debt ratio by 2031
✍️ The Economic Times
🗓 29 Oct 2026, 08:41 AM
👁 1
The RBI Deputy Governor stated that India is the only major emerging economy projected to lower its debt-to-GDP ratio by 2031, highlighting strong fiscal discipline.
The Reserve Bank of India (RBI) Deputy Governor has highlighted India's unique position in the global economic landscape. According to the official, India is set to become the only major emerging economy to reduce its debt-to-GDP ratio by the year 2031.
This projection stands in contrast to other large emerging markets, which are generally expected to see their debt levels rise or remain stagnant over the same period. The RBI official noted that this trend reflects the country's commitment to maintaining fiscal prudence and sustainable growth.
The statement underscores the resilience of the Indian economy amidst global uncertainties. By prioritizing debt management, India aims to create a stable foundation for long-term economic development and attract continued investor confidence.
This assessment is part of broader discussions on the macroeconomic outlook, where India's fiscal trajectory is seen as a positive outlier among its peers in the emerging world.
This projection stands in contrast to other large emerging markets, which are generally expected to see their debt levels rise or remain stagnant over the same period. The RBI official noted that this trend reflects the country's commitment to maintaining fiscal prudence and sustainable growth.
The statement underscores the resilience of the Indian economy amidst global uncertainties. By prioritizing debt management, India aims to create a stable foundation for long-term economic development and attract continued investor confidence.
This assessment is part of broader discussions on the macroeconomic outlook, where India's fiscal trajectory is seen as a positive outlier among its peers in the emerging world.