Govt estimates Centre's debt will rise to 56.8 per cent of GDP in FY25

The government's debt, including external borrowing and other liabilities, is expected to rise to Rs 185 lakh crore (56.8% of GDP) this fiscal year, up from Rs 171.78 lakh crore (58.2% of GDP) in March 2024. India’s GDP reached USD 3.57 trillion in 2023-24. Private final consumption expenditure grew 6.8% in 2022-23 and 4% in 2023-24