Global Debt jumps to $226 tn; India's debt rose to 89.6% in 2020: IMF

Global Debt jumps to $226 tn; India's debt rose to 89.6% in 2020: IMF

• By Staff Writer

The International Monetary Fund (IMF) said global debt has jumped to a 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.