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India’s Debt Inflated 50% Under NDA Govt
January 21, 2019
According to the 8th edition of the Status Paper on Government Debt that was released this Friday, India’s net debt increased by 49% to ₹82 lakh crores during the 4.5 years of the Narendra Modi-led government. Before his party took control as the Central Government, India’s total liabilities stood at ₹54 lakhs crores.
The report said that the overall liabilities of the Indian government are on a medium-term declining trajectory. It also said that the government is focusing on market-linked borrowing to narrow down the fiscal deficit.
Photo credit: Dr PS Sahana * Kadamtala Howrah on Visualhunt.com / CC BY
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