There are various estimates of India's debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year.
Anil Agarwal, chairman of the Vedanta group, has not started the New Year on a good note.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
Positive cues from Asian peers also uplifted the sentiment.
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