India has high debt like China, but risks are moderated: IMF

India’s debt is high at 81.9% of GDP, similar to China’s 83%, but the risks associated with it are not as great, according to the International Monetary Fund (IMF). The IMF recommends that India implement an ambitious fiscal consolidation plan to reduce deficits, especially primary deficits. India’s debt is projected to fall slightly to 80.4% by 2028, and the country’s high growth helps mitigate risks. However, state-level risks, high debts, and financing needs pose significant risks.