The country is not in immediate danger of running into a debt crisis despite India's total public sector debt as a percentage of the GDP is very high (81%), says Kemal Dervis, administrator, United Nations Development Programme. Speaking at a seminar organised by thinktanks National Council of Applied Economic Research (NCAER) and Indian Council for Research on International Economic Relations (Icrier), Mr Dervis said the current stability enjoyed by the country in its foreign exchange rates due to high foreign exchange reserves have cushioned India against imminent debt crisis.