Business · Economy · 1 hr ago
India aims to cap national debt at 50% of GDP by 2030
India’s Finance Minister Nirmala Sitharaman reaffirmed the Centre’s debt-reduction goal while speaking to reporters in Tiruchirappalli, Tamil Nadu.
The government aims to cap national debt at 50% of GDP by 2030 and says its annual budgets show a commitment to reducing the fiscal deficit.
GDP is the total value of goods and services produced in a country, so the target compares government debt with the size of India’s economy.
Sitharaman said international organisations had recognised India’s approach to debt management, while noting that many countries faced debt challenges after the Covid-19 pandemic.
The Centre is also trying to control inflation through supply-chain measures, including rice export restrictions, which it says help protect consumers while ensuring farmers receive minimum support prices.
Global shocks such as wars and higher crude oil prices have added pressure, and Sitharaman said the government would continue efforts to limit their impact on the public.
Finance Minister Nirmala Sitharaman said India aims to limit national debt to 50% of GDP by 2030.
She said the government was committed to reducing the fiscal deficit, as reflected in its annual budgets.
Sitharaman said the Union government was taking measures to reduce its debt and that international organisations had recognised India’s approach.
She noted that countries worldwide had faced debt challenges since the Covid-19 pandemic.
- Who
- Union Finance Minister Nirmala Sitharaman.
- What
- She said India aims to limit national debt to 50% of GDP by 2030 and is committed to reducing the fiscal deficit.
- When
- October 26, 2026.
- Where
- Tiruchirappalli, Tamil Nadu.
- Why
- The government says it is pursuing fiscal consolidation and reducing its debt burden.
This story does not have two clearly opposing sides.
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- Debt target
- 50% of GDP by 2030
- Finance minister
- Nirmala Sitharaman
- Location
- Tiruchirappalli, Tamil Nadu
- Fiscal policy
- The government says it is committed to reducing the fiscal deficit
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What people are saying
We are committed to reducing the fiscal deficit, as evidenced by our annual budgets.
We have openly stated our goal that by 2030, the national debt will be limited to 50 per cent of the GDP.
We are consistently putting in place measures to reduce the Union Government's debt, and international organisations have acknowledged India's disciplined approach to debt management.