Moody’s Investors Service is out with another report on Wednesday, this time on the Indian economic assessment, given the country’s high debt burden.
Key Quotes:
“India’s fiscal flexibility hindered by high debt burden, weak debt affordability.
India’s debt burden will rise unless nominal GDP growth increases durably above 11%.
Assume India real GDP growth at 6.3% in FY21 from rates of sub-5%, keep debt burden stable around 70% of GDP.
High India debt burden, weak debt affordability would constrain capacity to implement social, infra investment.”
Share
