Government, national debt: India

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The national debt of India

2018, 2019

India’s National debt, 2018, 2019
From: June 21, 2019: The Times of India


See graphic:

India’s National debt, 2018, 2019

Is government debt a trap?

NO ALWAYS A TRAP

Government debt.jpg

The Times of India Sep 23 2014

Is a high level of debt a sign of a country being in economic distress? Not necessarily. IMF estimates on gross government debt indicate that while countries undergoing economic crisis have high debt to GDP ratios, so do some of the world's most advanced economies. For instance, the gross debt of the government of Greece, a country going through a tough economic phase, is 174% of its GDP. The US, the world's largest economy, had government liabilities exceeding its economic output. Emerging economies typically have relatively lower debts. The lowest debt levels, however, are for countries with economies based on oil exports

Government of India: Debt

NO DEBT TRAP

The Times of India Feb 02 2015

Central Government’s outstanding external debt: 1950-2014

Central Government's Outstanding External Debt Source: Indian Public Finance Statistics 2013-2014, figures for 1970-71 were not available, amount in Rs crore, *figures are provisional In the early years of Independence, India was dependent more on aids than exports for getting foreign exchange. In the 39 years between 1960-61 and 1999-2000, the country's foreign debt was always more than its exports. In 1968-69, foreign debt was more than four and a half times the country's exports, the highest level among years for which data is available. Since 1991-92, debt as a percentage of exports has witnessed a steady decline, which means servicing the debt is easier today.Interest as percentage of total debt has also witnessed a steady decline

Indebted states

State-wise per capita outstanding liabilities; Liabilities: end-March 2014, population estimates: 2013; Graphic courtesy: The Times of India, Jun 09 2015

The Times of India, Jun 09 2015

If the residents of a state or UT had to pay back the outstanding liabilities of their governments, people of which state would have the highest per capita debt? Goa, official data shows, has a per capita debt of a little over Rs 65,000, the highest in the country. The others in the top ten include several special category states like Mizoram, Sikkim and Himachal Pradesh, but there's also Punjab and Kerala. But wait before assuming that low debt levels are a good sign.The five states with the lowest debt ­ Odisha, Jharkhand, Assam, Chhattisgarh and Bihar -are also among the least developed

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