The level of sovereign debt in India is much lower than in nations like the US, Japan or France. The country’s central government debt is 56% of the GDP and, adding up the states, it is 83% of the GDP. When the Reserve Bank of India sells government bonds through the usual auction process, there are enough takers. In contrast, when it comes to US, the outstanding debt is a massive 123% of its gross domestic product (GDP)
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