government measures

MANAGING INDIA'S FISCAL HEALTH : PUBLIC DEBT EXPLAINED

India’s public debt, currently around 57% of GDP, has been rising due to persistent fiscal deficits, growing welfare and infrastructure spending, and higher interest costs. High debt limits fiscal flexibility, increases taxpayer burden, and can slow economic growth. The government is addressing this through fiscal consolidation, tax reforms, optimized expenditure, and debt management strategies, aiming for a sustainable debt-to-GDP ratio of 50% by FY31 while supporting economic growth.