Rising public debt in India threatens economic growth and stability.
The book "Debt Management in India" analyzes the impact of increasing public debt in India. It looks at how domestic debt affects spending, how monetized debt influences prices, the connection between domestic debt and growth over time, and the management of debt and money separately. The study covers debt data from 1951 to 2017, discussing trends, major components of public debt, and the Ricardian equivalence hypothesis. The findings provide insights into the implications of domestic debt in India.