India's combined government debt-to-GDP ratio is approximately 82.3% to 82.6%, with the central government's portion estimated at around 55.6% for 2026-27 and all states combined averaging roughly 28.8%.
States with the Highest Debt-to-GSDP Ratios
•Arunachal Pradesh: ~57.0%
•Punjab: ~46.6%
•Himachal Pradesh: ~45.2%
•Nagaland: ~40.0%
•Meghalaya: ~39.0%
•West Bengal: ~38.0%
•Bihar: ~37.3%
•Kerala: ~36.8%
States with the Lowest Debt-to-GSDP Ratios
•Delhi: ~1.1% to 1.3%
•Odisha: ~16.3%
•Gujarat: ~17.9%
•Maharashtra: ~18.4% to 19.0%
India is comfortably positioned to avoid an external debt default but faces internal fiscal constraints due to high interest-servicing costs. India's foreign exchange reserves reached an all-time record high of $729.33 billion with the RBI
India's total external debt stands at approximately $762.8 billion, which amounts to only 19.1% to 19.2% of GDP. Unlike countries that suffer currency crises, India has not over-leveraged itself in foreign currencies.
Interest payments consume approximately 37% to 39.7% of the Central Government’s revenue receipts. Despite the high interest burden, India’s debt dynamics remain structurally sustainable because its Interest Rate-Growth Differential (IRGD) is consistently favourable.
Roughly 95% of India’s overall public debt is issued domestically and denominated in Indian Rupees (INR). Because the debt is internal, the government can never technically "run out of money" to service it, completely eliminating the default dynamics faced by nations borrowing heavily in US dollars.
Did you know when Muslims start a war they call it "Jihad". When they start losing they call it "genocide". Start as warriors. Finish as victims. Every time. Funny how thats work
Jesus born to virgin is history
Krishna born to Devaki is mythology
Muhammad going to heaven on a winged horse is history
Ram building Setu is mythology
Angels revealing Quran to Muhammad is history
Krishna giving Gita updesh is mythology
As Hindus say, Kamra is a bltch