India

According to Bloomberg analysts, India’s interest payments on government debt are expected to decline in the coming years, having peaked at 5.4% of GDP in the fiscal year ended March. Projections suggest that the debt service-to-GDP ratio could decrease to 3.7% by fiscal 2034, attributed to lower deficits, increased growth potential, and reduced borrowing costs. The analysis underscores that even under scenarios of varying interest rates, India’s debt sustainability remains stable.