India’s public debt ratio to fall to 75.1% of GDP by FY32, only major emerging economy set for a decline: RBI DG

India is the only emerging market economy among nine with GDP above $1 trillion projected to reduce its public debt ratio between 2025 and 2031, with the ratio expected to fall from 84.3% of GDP in FY26 to 75.1% in FY32, RBI Deputy Governor Poonam Gupta said.