India's debt at end of September quarter halved... Rs.205 lakh crore

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- Govt giving effect to the slogan of drinking ghee with debt

- IMF warning that India's debt will cross 100 percent of total GDP: Govt disagrees

New Delhi: The country's total debt has increased to $2.47 trillion (Rs. 205 lakh crore) in the July-September quarter of the current financial year. This information has been given in a report. The total debt in the January-March quarter of last financial year was 2.34 trillion dollars (Rs 200 lakh crore). Citing data from the Reserve Bank of India, online bond platform India Bonds said that central government debt in the September quarter stood at Rs. 161.1 lakh crores.

The institute has prepared this report by collecting data from RBI, Clearing Corporation of India (CCI) and Securities and Exchange Board (SEBI). The central government has the highest debt of Rs 161.1 lakh crore i.e. 46.04 percent of the total debt. After this, the share of state governments in the debt is 24.4 per cent or 604 billion dollars (Rs 50.18 lakh crore). Fiscal expenditure is 111 billion dollars i.e. 9.25 lakh crore rupees, which is 4.51 percent of the total debt. According to the report, corporate bonds accounted for 21.52 percent of the total debt in the second quarter of the current financial year, which is 531 billion (Rs 44.16 lakh crore).

The International Monetary Fund (IMF) has warned India about this level of debt. According to the IMF, India's general government debt to the center and states could exceed 100 percent of its GDP. In these circumstances, it may be difficult to repay long-term debt. However, the central government has expressed its disagreement against the IMF report. Government debt risk is very low. The reason behind this is that most of the debt is denominated in Indian Rupees.

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