facebook-page-view
Advertisement

How coronavirus threatens to derail years of effort to control India govt debt

By Aman Malik

  • 29 May 2020
Premium
How coronavirus threatens to derail years of effort to control India govt debt
Nirmala Sitharaman | Credit: Reuters

When finance minister Nirmala Sitharaman presented the annual budget in February, a little factoid went largely unnoticed and mostly under-reported. For the first time in 14 years, the central government’s borrowings were more than half of India’s gross domestic product (GDP). And this was before Asia’s third-largest economy went into a self-induced ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.
Advertisement
Advertisement