Debt Management in India

Status of Debt in India

Internal/Public Debt

  • Recently, the government has announced a reduction in its gross borrowing target for the financial year 2022-23 by Rs 10,000 crore to Rs 14.21 lakh crore.
  • As per Budget 2023-24, internal debt and liabilities stands at 169.46 lakh crore (as for 31st March 2024).

About Public Debt

  • Public debt is the total amount borrowed by the government of a country. In the Indian context, public debt includes the total liabilities of the Union government that have to be paid from the Consolidated Fund of India.
  • Sources
    • Dated Government Securities (G-Secs): Dated G-Secs are ....
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Indian Economy