European Debt Management Innovations Lead to Fiscal Stability and Growth
The article discusses the issue of managing debt in the Indian economy. The researchers looked at different ways to assess if the government's debt is sustainable. They found that interest rates on borrowings have decreased, showing weak sustainability. Domestic debt has worsened, but external debt has improved. The debt relative to GDP has increased over time. Despite some improvements, the revenue deficit and fiscal deficit remain high. However, there is no evidence of the fiscal deficit affecting the external sector.