The Anatomy of Public Debt Reductions: Case of India

Prachi Mishra () and Nikhil Patel ()
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Prachi Mishra: International Monetary Fund
Nikhil Patel: International Monetary Fund

Chapter Chapter 10 in India’s Contemporary Macroeconomic Themes, 2023, pp 237-241 from Springer

Abstract: Abstract India has witnessed an unprecedented surge in sovereign debt on the back of the pandemic. We outline the costs and risks associated with high debt in India, drawing on experiences across countries as well as India’s own past. We conclude with a discussion of the benefits of reducing debt and possible scenarios that could achieve a sizable reduction over the next decade.

Date: 2023
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DOI: 10.1007/978-981-99-5728-6_10

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