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

By Aman Malik

  • 29 May 2020
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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 ......

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