OECD Economics Department Working Papers

Public debt in India: Moving towards a prudent level?

DOI:https://dx.doi.org/10.1787/853c014a-en

In relation to GDP, India's public debt and interest payments are high compared with most other emerging economies and rating agencies have put India's sovereign debt at the lowest investment grade. On the other hand, India benefits from strong economic growth and needs to increase spending on...



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