India’s Public Debt

online civil service coaching

As per Moody’s Investors Service, India’s public debt level is among the highest in emerging economies with a quantitative easing programme underway, while its debt affordability is among the weakest.


Important points from Moody's analysis

  • With the exception of Chile, most of the 11 emerging markets have weak government effectiveness, suggesting potential risks executing fiscal reforms or consolidation plans.
  • Debt affordability varies widely, with Ghana and India [rated Baa3 negative] weakest. 
  • Across the 11 emerging markets, India, South Africa and Ghana have the highest public debt and weakest debt affordability.
  • “Most economies’ debt burdens will rise before they stabilise overthe next few years. 
  • Depending on recovery prospects and future debt servicing costs, high debt levels may become unsustainable for the more vulnerable economies,

What is Public Debt? 

  • Public debt is the total amount borrowed by the government of a country.
  • Public debt includes the total liabilities of the Union government that have to be paid from the Consolidated Fund of India. 


Source : the Hindu

Post a Comment
Please enter your name
Please enter your email
Please write your comments

Related Articles

Learning Radius App
Smart Kitchen Project

The Kerala government has announced the introduction of a Smart Kitchen project, which is meant to modernise kitchens and ease the difficulty faced by homemakers in household chores.

IAS Learning App
Sub Categories Under MGNREGA

The Union Finance Ministry has asked the States to split wage payments under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme into separate categories

UPSC Syllabus
The Draft Cinematograph (Amendment) Bill 2021

The draft was recently released by the Centre. It seeks to amend the Cinematograph Act of 1952.

Top Civil Service Coaching
Indemnity Clause And Covid Pandemic

Amid an acute vaccine crisis in the country, India is expected to grant indemnity to foreign vaccine makers including Pfizer and Moderna which would make it easier for their Covid vaccines to come to India.

Best online IAS coaching for UPSC IAS preparations
Performance Grading Index (PGI) 2019-20

The Government has introduced the Performance Grading Index with a set of 70 parameters to catalyse transformational change in the field of school education.

online civil service coaching
SUPACE

The system -- SUPACE which is short for Supreme Court Portal for Assistance in Courts Efficiency -- was inaugurated by the CJI in an event held virtually and attended by judges from several High Courts of the country

learning Radius App

Embrace the smartest way of learning with us

Best learning app for your UPSC civil services, Kerala Administrative Services and other exams from India’s Upmost Educators.

Learning Radius App