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From the economic survey: India's debt situation isn't that horrible. Total debt, which includes debt taken from abroad, is about 122% of GDP - where government debt is 70%. Remember this - because most other countries have hiher govt debt and much higher private debt. 
If Covid has hit us badly - and it has, even if markets are like what is wrong with you Deepak - we will recover the fastest. It's just math, though - just getting back from a steeper fall is a higher rate.
