Consider the following statements: 1. The debt-to-GDP ratio is the ratio of a country's public debt to its gross domestic product. 2. Revenue deficit is an indication of the total borrowings made by the government as expenditure is more than revenue. Which of the statements given above is/are correct? |ForumIAS

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation: The debt-to-GDP ratio is the ratio of a country’s public debt to its gross domestic product.

As per International Monetary Fund, India’s debt ratio projected to be 84% of its GDP in 2022.
Fiscal deficit is the indication of the total borrowings made by the government as expenditure is more than revenue.
The fiscal deficit stands at 6.4% of GDP; India aims to keep the same fiscal deficit in 2023.

Source: FORUMIAS