Moody's flags high government debt and fiscal slippage risks for Indian economy

Moody's on Sunday said the Indian economy is expected to clock a 6-6.3 per cent growth in June quarter, and flagged risks of fiscal slippage arising from weaker-than-expected government revenues in the current fiscal. India has a relatively high level of general government debt at around 81.8 per cent of GDP for 2022-23, and low debt affordability, the agency said