India’s Debt Under Modi Government Surges 49% To Rs 82 Lakh Crore
Government debt burden has increased greatly. Modi’s four-and-a-half year government debt grew by 49 percent. Rs 82 lakh crore. These issues were revealed in the 8th edition of the Status Paper issued by the Ministry of Finance regarding public debt burden.
By the end of September 2018 the total debt burden of central government was Rs 82,03,253 crore. The debt burden is estimated at Rs 54,90,763 crore by the end of June 2014. So far, these debts are going to grow.
Market loans are the main reason for the public debt burden. They grew by 47.5 per cent. External debts, internal debts, and other ways of lending are borrowed. Market loans come under the internal debt department. External Debt and Internal Deeds are referred to as Public Deeds.
The status paper contains full details of the country’s debt burden. In this regard, the central government can find out how much debt it has raised in any of the ways. The Ministry of Finance releases the status of each year from the year 2010-11 for the central government’s debt burden.