Public Debt Management: Challenges and Way Forward

Effective public debt management involves maintaining sustainable debt levels, reducing borrowing costs, and managing risks. Challenges include fiscal deficits, economic shocks, and global uncertainties, requiring strategic planning and prudent fiscal policies.

Latest Statistics on India’s Debt

  • India's external debt rose by USD 39.7 billion from March 2023, reaching USD 663.8 billion by end-March 2024.
  • External debt, borrowed from foreign sources, must be repaid in the borrowed currency, and includes loans from commercial banks, international institutions like the IMF and World Bank, and foreign governments.

Challenges

  • High Debt Levels: Elevated debt levels limit the government's ability to implement fiscal stimulus without ....
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Economic Development