Default keystore file does not exist?

You must be providing the wrong path to the debug.keystore file.

Follow these steps to get the correct path and complete your command:

1. In eclipse, click the Window menu -> Preferences -> Expand Android -> Build
2. In the right panel, look for: Default debug keystore:
3. Select the entire box next to the label specified in Step 2

And finally, use the path you just copied from Step 3 to construct your command:

For example, in my case, it would be:

C:\Program Files\Java\jre7\bin>keytool -list -v -keystore "C:\Users\Siddharth Lele.android\debug.keystore" -alias androiddebugkey -storepass android -keypass android

UPDATED:

If you had already followed the steps mentioned above, the only other solution is to delete the debug.keystore and let Eclipse recreate it for you.

Step 1: Go to the path where your keystore is stored. In your case, C:\Users\Suresh\.android\debug.keystore

Step 2: Close and restart Eclipse.

Step 3 (Optional): You may need to clean your project before the debug.keystore is created again.

Source: http://www.coderanch.com/t/440920/Security/KeyTool-genkeypair-exception-Keystore-file

You can refer to this for the part about deleting your debug.keystore file: "Debug certificate expired" error in Eclipse Android plugins

For Mac Users: The debug.keystore file exists in ~/.android directory. Sometimes, due to the relative path, the above mentioned error keeps on popping up.

Use This for MAC users

keytool -list -v -keystore ~/.android/debug.keystore -alias androiddebugkey -storepass android -keypass android

For Mac/Linux debug keystore, the Android docs have:

keytool -exportcert -list -v \
-alias androiddebugkey -keystore ~/.android/debug.keystore

But there is something that may not be obvious: If you put the backslash, make sure to do a shift + return in terminal after the backslash so that the second that starts with -alias is on a new line. Simply pasting as-is will not work.

Your terminal (if successful) will look something like this:

$ keytool -exportcert -list -v \
→ -alias androiddebugkey -keystore ~/.android/debug.keystore
Enter keystore password: 

The default debug password is: android

Side note: In Android Studio you can manage signing in:

File > Project Structure > Modules - (Your App) > Signing