Is the Government's debt sustainable?
India, Jan. 26 -- Recently, the International Monetary Fund (IMF) has forecast that India's general government debt - it comprises the debts of the Centre and states - will overshoot 100 per cent of the GDP (gross domestic product) by the financial year (FY) 2027-28. Responding to this, the Ministry of Finance (MoF) clarified that this wasn't under a 'baseline scenario' - a jargon to describe normal economic conditions. It added the IMF was referring to a 'worst-case scenario' wherein a global shock would equally affect all countries.
Is the government's debt sustainable?
The government's debt is linked with how it manages its total expenditure vis-a-vis its total receipts or fiscal deficit (FD) which is excess of the former over the la...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.