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The Growth of Indian Public Debt Dimensions of the Problem and Corrective Measures

This paper traces the causes of the rapid growth of India’s public debt, with special reference to internal debt. It then demonstrates that the growth of debt would become unsustainable by the end of the 1990s if the present trends continue. It develops a methodology to iterate the path of growth of...

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Bibliographic Details
Main Author: Chelliah, Raja
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1991
Series:IMF Working Papers
Subjects:
Public Debt
Nonprofit Organizations And Public Enterprise: General
Debt Service
Public Finance & Taxation
Government Business Enterprises
Debt Management
Debts, Public
Domestic Debt
Debt
Public Ownership; Nationalization
Exports And Imports
Economic Sectors
International Economics
International Lending And Debt Problems
External Debt
National Government Expenditures And Related Policies: General
Expenditure
Sovereign Debt
Interest Payments
Public Enterprises
Expenditures, Public
Macroeconomics
Public Finance
India
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper traces the causes of the rapid growth of India’s public debt, with special reference to internal debt. It then demonstrates that the growth of debt would become unsustainable by the end of the 1990s if the present trends continue. It develops a methodology to iterate the path of growth of debt to discover the sustainable level of the primary deficit. Finally, it suggests concrete measures to bring down the primary deficit
Physical Description:51 pages
ISBN:9781451959024

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