The Relationship between the Debt-to-GDP Ratio and the GDP in Developed (US, Japan), Developing Countries (of Asia and Europe) and African Sub-Saharan Countries with Emphasis on Indian Scenario: A Comparative Study

There is no simple relationship between debt and growth […]. There are many factors that matter for a country’s growth and debt performance. Moreover, there is no single threshold for debt ratios that can delineate the “bad” from the “good” (International Monetary Fund, 2012, p. 9).