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Investor Presentaiton

India is Prudent Despite Crisis Debt levels and change since 2008 (as percentage of GDP) Core debt of non-financial sector (Q1 2022, % OF GDP) Ckotak Mutual Fund Change since Q1 2008 Household Corporate Government Total Household Corporate Government Total Debt/GDP (Avg %) 61 84 104 249 4 10 48 62 Australia 118 64 57 239 11 -13 49 47 Brazil 38 54 88 180 20 23 26 69 Mainland China 62 157 70 289 43 62 41 France 65 166 129 360 19 61 61 847 147 141 Germany 56 73 74 203 -4 5 9 10 India 37 51 85 173 -6 -12 11 -6 Italy 43 70 154 267 Japan 60 119 249 428 52 -8 58 55 20 82 104 South Korea 104 117 45 266 34 29 23 86 Mexico 16 24 40 80 2 10 20 32 South Africa 34 34 69 137 -10 -1 44 33 Spain 57 98 154 309 -25 -28 114 61 UK 84 70 119 273 -10 -15 79 54 US 76 82 124 282 -23 11 61 49 Source: IF, BIS, IMF, National Sources, Note data taken from end- Q1 2008 and end-Q1 2022 27
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