Why reducing general debt to 66% of GDP over the next 5 years seems unachievable
While a recent report by the Reserve Bank of India calls for central and state governments to reduce their debt to 66% over the next five years, from the current level of around 90%, to place the ndia on a sustainable growth trajectory, the task remains daunting.
The Money and Finance Report states that “…growth is at risk once public debt rises above the 66% of GDP threshold…A medium-term debt consolidation strategy aimed at reducing debt below 66% of GDP over the next five years is therefore important to secure India’s medium term…
Key stories on business-standard.com are only available to premium subscribers.
Already a premium subscriber? LOGIN NOW
MONTHLY STAR
Enterprise Standard Digital
MONTHLY STAR
Enterprise Standard Digital
Business Standard Digital Monthly Subscription
Full access to premium product
Convenient – Pay as you go
Pay with Amex/Master/VISA credit cards and VISA debit cards only
Automatic renewal (subject to authorization by your card issuer)
Cancel anytime in the future
Requires personal information
What do you get?
ON THE STANDARD DIGITAL OF COMPANIES
- Unlimited access to all content on any device via browser or app.
- Exclusive content, features, opinions and reviews – handpicked by our editors, just for you.
- Choose 5 of your favorite companies. Receive a daily email with all updates about them.
- Follow the industry of your choice with a daily newsletter specific to that industry.
- Keep control of your investments. Follow the prices of the stocks in your portfolio.
- 18 years of archival data.
REMARK :
- The product is a monthly auto-renewing product.
- Cancellation policy: You can cancel anytime in the future without giving a reason, but 48 hours before your card is charged for renewal. We do not offer refunds.
- To cancel, communicate from your registered email id and send the email with the cancellation request to [email protected] Include your contact number for quick action. Requests mailed to any other ID will not be acknowledged or processed.
SMART ANNUAL
Enterprise Standard Digital
Subscribe now and get 12 months free
SMART ANNUAL
Enterprise Standard Digital
Subscribe now and get 12 months free
Business Standard Premium Digital – 12 months + 12 months free
Subscribe for 12 months and get 12 months free.
One-time, transparent registration for Business Standard Digital
Convenient – Payment once a year
Pay using an instrument of your choice – all credit and debit cards, Net Banking, payment wallets and UPI
Exclusive invitation to select Business Standard events
What you get
ON THE STANDARD DIGITAL OF COMPANIES
- Unlimited access to all content on any device via browser or app.
- Exclusive content, features, opinions and reviews – handpicked by our editors, just for you.
- Choose 5 of your favorite companies. Receive a daily email with all updates about them.
- Follow the industry of your choice with a daily newsletter specific to that industry.
- Keep control of your investments. Follow the prices of the stocks in your portfolio.
REMARK :
- The monthly term product is an auto-renewal based product. Once subscribed, subject to your card issuer’s authorization, we will automatically charge your card/payment instrument each month and renew your subscription.
- In the annual term product, we offer both an auto-renewal based product and a non-auto-renewal based product.
- We do not refund.
- No Questions Asked Cancellation Policy.
- You can cancel future renewals at any time, including immediately after your subscription, but 48 hours before your next renewal date.
- Subject to the above, cancel yourself by visiting the “Manage My Account” section after logging in OR send an email request to [email protected] from your registered email address and stating your mobile phone number.
Dear reader,
Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.
As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.
Support quality journalism and subscribe to Business Standard.
digital editor
First published: Wednesday, May 11, 2022. 2:56 PM IST