IMF : crore in indian gdp effected 😲

 In 2020, the global claim figure will increase to Rs. 17221 lakh crore: IMF

- This is the first time since World War II that such a large increase in global debt has been observed
According to the International Monetary Fund (IMF), global debt has risen to 226 trillion (approximately Rs. 17221 lakh crore) by 2020. The whole world was hit by the coronavirus epidemic in 2020.
In the last calendar year, global debt rose 28% to 256% of global GDP. This is the first time since World War II that global debt has risen sharply, said Witter Gaspar, the IMF's director of fiscal affairs, in a blog post.
Debt levels in developed countries have risen sharply. The amount of public debt in developed countries, which was around 70% of GDP in 2007, has increased to 124% in 2020. However, private debt rose modestly to 168% of GDP during the period.
Providing a strong fiscal and monetary policy remains a challenge for policymakers amid high debt and rising inflation, the IMF noted. Increased debt also exacerbates vulnerabilities.

If global interest rates rise faster than expected and growth slows, debt risks will increase.