India's debt to decline to 50-51% if it maintains a nominal growth rate of 10.5 %: SBI Funds

New Delhi [India], February 6 (ANI): If India maintains a nominal growth rate of 10.5 per cent its fiscal deficit is expected to reduce to 4 per cent of GDP in the next financial year (FY26), according to a report by SBI Funds.

The report also projects that the government's debt will decline to 50-51 per cent by March 2031 if India continues to grow and maintains a nominal growth rate of 10.5 per cent until FY31.

It said