New Delhi, Oct. 28 -- India is projected to be the only emerging market economy among nine economies with gross domestic product (GDP) exceeding USD 1 trillion to reduce its government debt-to-GDP ratio between 2025 and 2031, Reserve Bank of India Deputy Governor Poonam Gupta said, highlighting the country's stronger fiscal position amid rising global debt and borrowing costs.

Addressing the Business Standard BFSI Insight Summit, Gupta said India's general government debt is projected to decline from 84.3 per cent of GDP in 2025-26 to 75.1 per cent by 2031-32, even as debt ratios in most advanced and emerging economies are expected to rise.

Citing the International Monetary Fund's October 2026 projections, she said global public debt st...