Vol. 3, Issue 6, Part I (2017)

Abstract
The debt-to-GDP ratio is the proportion of a country’s government debt to its Gross Domestic Product (GDP). This ratio helps the investors to estimate an economy’s strength to pay back its debts. The present research work focuses on the debt-to-GDP ratio of India over a period of 10 years from 2007 to 2016. Also, the paper highlights the latest debt-to-GDP ratio of G-20 countries which deviates from around 6 per cent to as high as 250 per cent. The G-20 is primarily a forum to discuss economic issues and cooperation among the members which was commenced in 1999 after the Asian financial crisis. To achieve the fiscal consolidation, it is need of the hour to bring down this ratio. This paper also endeavours to give the implication of this ratio and suggest ways to bring it down.