Govt on path of macroeconomic stability, says CAG

A recent CAG review of the FRBM Act indicates India is progressing towards long-term macroeconomic stability. The Union government’s debt has decreased from 61.38% of GDP in 2020-21 to 57% by March 2024. While debt sustainability shows positive signs, interest payments relative to revenue receipts have seen a slight increase in the last two fiscal years.