Budget 2024: Centre's Liabilities Doubled In 7 Years
Central liabilities are likely to go up to ₹183.7 lakh crore in FY25, 56% of GDP
Central liabilities are likely to go up to ₹183.7 lakh crore in FY25, 56% of GDP
Capex led growth is ultimately the same growth model that China followed the same growth model that Japan followed in the nineties
The report highlights soaring interest payments are outpacing the growth of critical public spending such spending on education and health combined.
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.