Indian households are accumulating debt faster than they are building financial assets, with liabilities growing 102% between 2019 and 2025, while assets grew only 48%. Bank deposits remain the main savings vehicle, but mutual funds are increasingly popular. Rising household debt poses economic, financial, and social challenges, highlighting the need for financial literacy, responsible borrowing, long-term investments, and supportive government policies to ensure sustainable household financial health.
Click to View MoreIndia aims to become a $30 trillion economy in the next 25 years, driven by sustained GDP growth, strategic government policies, and long-term planning. While past growth trends and currency factors make this projection plausible, challenges such as slowing growth rates, inflation, and infrastructure gaps remain. Achieving this goal will require multi-dimensional efforts in trade, investment, technology, and human capital development, positioning India as a major global economic power by 2050.
Click to View MoreIndia’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.
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The government has reduced customs duties on gold imports to lower gold prices, curb smuggling, and boost official trade. While these measures helped reduce illegal imports and bring some price relief, gold prices remain high due to global economic factors, currency depreciation, and strong demand. Moving forward, further duty cuts, better regulation of digital gold, strengthening anti-smuggling efforts, and revitalizing gold monetisation schemes are recommended to stabilize prices.
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The rising trend of freebies in India offers short-term relief but poses long-term fiscal and developmental challenges. While such schemes can boost popularity and provide temporary benefits, they strain state finances, reduce productivity, and create dependency. In contrast, inclusive development focuses on sustainable empowerment through education, health, skills, and infrastructure, leading to lasting social and economic progress. Balancing empowerment with fiscal discipline is essential to ensure both social justice and economic stability.
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