Over the span of nine years, the Indian government’s debt has surged significantly, tripling to reach ₹155.6 lakh crore. This substantial increase raises concerns about the country’s fiscal health and its ability to manage its growing debt burden. The rise in debt can be attributed to various factors, including increased government spending, economic challenges, and the impact of the COVID-19 pandemic. As India grapples with the economic consequences of the pandemic, the management of its debt becomes a critical issue, with potential implications for fiscal policies, inflation, and the overall economic stability of the nation. Stakeholders will closely monitor the government’s efforts to address this mounting debt while maintaining essential public services and economic growth.
Indian Government Debt Triples to ₹155.6 Lakh Crore in Nine Years
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