How Spiralling Sovereign Debt Hurts The Poor
Spending on health, education hit as nations work on repayments.
global debt
October 2024
December 2022
May 2022
Economic rebound, inflation pushed India’s debt down by 10 percentage points of GDP in 2021: IMF
Apart from India, other countries such as Brazil, Canada, and the United States have also witnessed a fall in their debt levels by 10 percentage points of their GDP.
Global Sovereign Debt Trap
At $300 trillion of global debt, a 1% hike in interest rates could translate into $3 trillion additional interest outgo, equivalent to India’s nominal GDP.
