IMF report: Govt allays fear over debt

The finance ministry clarified that the interpretation of the IMF report suggesting India's general government debt would exceed 100% of GDP in the medium term is misconstrued. The ministry emphasized that the IMF report only mentions a worst-case scenario and does not imply a fait accompli. It also highlighted that India's general government debt is predominantly rupee-denominated, with minimal external borrowings. The ministry noted that other countries have much higher worst-case scenarios for their debt levels.

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