India’s Debt Burden

Meaning of Debt Burden:-

In Simple word, Debt Burden is the cost of debt repayment. A debt burden is a large amount of money that one country or organization owes to another and which they find very difficult to repay.According to Cambridge Dictionary, debt burden means the amount of debt owed by a person, company or country.

Indian’s Debt Burden:-

I am Shahid Siddiqui, giving you information about the Indian debt burden.

On one hand, inflation and unemployment are spreading in the country and on the other hand, the debt of the country has increased, which is a matter of concern for the country. IMF has alerted that India’s debt burden has increased to Rs 205 lakh crore. The global body has said that India’s Central Government debt, including that of the Center and the states, could reach more than 100 percent of the gross domestic product (GDP) in the medium term. In such a situation, there may be difficulty in repaying the loan in the long run.