Strategies for Mitigating India's Debt Burden Amid Budget Constraints
Saturday, 20 July 2024, 11:58
Current Debt Situation in India
India's combined debt-to-GDP ratio is projected to be 83.2% and is expected to peak at 83.8% by FY 2027. This rising trend highlights the pressing need for effective measures.
Strategies for Debt Stabilization
- Fiscal Responsibility: Implementing strict budget management policies.
- Reduced Spending: Identifying areas to cut costs without significant impact on essential services.
- Revenue Generation: Exploring alternative sources of revenue to balance the budget.
Conclusion
With debt levels projected to rise, India must adopt a multifaceted approach to ensure sustainable economic growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.