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  • Writer's pictureDeaf Leaders Foundation

2282-Global debt jumps to $226 tn, India debt rose to 89.6 % in 2020: IMF

The International Monetary Fund (IMF) said global debt has jumped to record high of $226 trillion due to COVID-19 and policies put in place to respond to it. Advanced economies and China contributed over 90% to the accumulation of debt in 2020, it added. India's debt increased to 89.6% of its GDP in 2020 from 68.9% in 2016, IMF said.

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