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Why is India considered to be in a virtual debt trap? - Economics

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प्रश्न

Why is India considered to be in a virtual debt trap?

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उत्तर

Heavy borrowings to meet the interest charges and expenditure on salaries, pension and day-to-day administrative work have put India into a virtual debt trap. In this case, the liabilities are being given to future generations.

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Concept for Public Debt
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 12: Public Debt - Exercise [पृष्ठ १९०]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 12 Public Debt
Exercise | Q 11. | पृष्ठ १९०
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