A combination of rapid economic growth and low bond yields has resulted in a gradual decline in India’s public debt ratio since 2003. But the debt ratio will rise again in the coming years if the government does not take steps to raise the growth rate and to reduce the budget deficit.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services