India continues to maintain eighth slot among top ten debtor countries with a debt to gross national income (GNI) ratio of 22%, according to a recent finance ministry report. The ratio, which shows the magnitude of external debt to national income, India's 22% was the second lowest after China (15%) in 2003, the report added. This marked an improvement from the country's more precarious debt position between 1991 and 1995, when it ranked third after Brazil and Mexico.