India aims for 60-65% public debt ratio by 2015 for fiscal stability.
The article discusses the ideal level of public debt that India should aim for in the next few years. By looking at data and analysis from different countries, it suggests that India should target a public debt ratio of around 60-65% of its GDP by 2015/16. This level of debt would allow the government to have enough flexibility to manage economic ups and downs, as well as handle unexpected financial responsibilities. It would also show that the government is serious about improving its financial situation.