उधार पर चल रही भारतीय अर्थव्यवस्था Debt-Driven Indian Economy скачать в хорошем качестве

उधार पर चल रही भारतीय अर्थव्यवस्था Debt-Driven Indian Economy

The Union Budget 2026–27 and the Economic Survey indicate that India’s growth strategy continues to rely on fiscal borrowing, but with a clear focus on debt sustainability and gradual consolidation. Fiscal Deficit and Borrowing The government plans to reduce the fiscal deficit gradually, moving toward the medium-term target of around 4.5% of GDP. Borrowings remain significant, mainly through market loans, to finance infrastructure, welfare schemes, and capital expenditure. Debt Level India’s general government debt (Centre + States) remains elevated at around 80–82% of GDP, higher than pre-pandemic levels. However, the Economic Survey considers it manageable due to strong nominal GDP growth and improving revenue collection. Quality of Spending A key policy shift is toward capital expenditure (Capex) rather than revenue spending. Borrowed funds are being used for infrastructure, logistics, railways, energy, and digital public goods, which are expected to boost long-term growth and improve the debt-to-GDP ratio. Sustainability Outlook The Survey emphasizes that high growth + fiscal discipline is the main strategy for debt reduction. Strong tax buoyancy, GST collections, and formalisation are helping stabilize public finances. Risks remain from global interest rates, slower growth, or higher subsidy pressures. India’s economy is not simply “running on borrowed money”; rather, the government is pursuing a strategy of growth-led debt sustainability, where borrowing is used to finance productive investment while steadily reducing fiscal deficits over time. #IndiaDebt #IndianEconomy #IndiaFacts #FinancialEducation #Generalstudies #Currentaffairs #saraswatiias #indianeconomy #modi #rbi #financialnews #stockmarket #ruppes #dollar #news #latestnews