India is in a highly favorable position in its economic and financial cycles, with a moderately low debt burden and high expected real growth over the next 10 years (6.3 percent per year). India has slightly more foreign debts than foreign assets (net IIP is -12 percent of GDP). Non-financial debt levels are low (125 percent of GDP), though government debt levels are typical for major countries today (75 percent of GDP). The bulk of these debts (91 percent) are in its own currency, which mitigates its debt risks.
