Need to moderate public debt to secure a rating upgrade: DEA secy

India's elevated public debt, which results in fairly large interest outgo, needs to be moderated to get a rating upgrade from global rating agencies, Economic Affairs Secretary Ajay Seth said on Friday.

- PRESS TRUST OF INDIA

Speaking at ISAAC Centre for Public Policy Conference, he said India cannot remain fixated to a particular way in the midst of uncertainties.

"We have to be agile and as the things are evolving, we cannot take the things for granted. And today I feel India is close to $4 trillion economy, we have enough resilience to find whatever is the rest of the world doing, we have to find our way and I'm hopeful that we can find out," he said.

Observing that the current level of public debt continues to be elevated, he said, that needs to be moderated and that is a path for fiscal consolidation.