New Delhi, Oct. 10 -- India's general government debt is expected to moderate steadily over the next decade, declining from the current 81 per cent of GDP to about 77 per cent by FY31 and further to 71 per cent by FY35, according to a report released by CareEdge Ratings.

The report highlighted that amid the global landscape of rising government debt, India is projected to follow a path of fiscal consolidation, supported by sustained GDP growth and prudent fiscal management by the Centre.

"Amid the global landscape of rising government debt, we project India's general government debt to moderate from the currently estimated 81 per cent of GDP to about 77 per cent by FY31 and further to 71 per cent by FY35," the report said.

It further n...