Government, national debt: India

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This is a collection of articles archived for the excellence of their content.

Is government debt a trap?

NO ALWAYS A TRAP

The Times of India Sep 23 2014

Is a high level of debt a sign of a country being in economic distress? Not necessarily. IMF estimates on gross government debt indicate that while countries undergoing economic crisis have high debt to GDP ratios, so do some of the world's most advanced economies. For instance, the gross debt of the government of Greece, a country going through a tough economic phase, is 174% of its GDP. The US, the world's largest economy, had government liabilities exceeding its economic output. Emerging economies typically have relatively lower debts. The lowest debt levels, however, are for countries with economies based on oil exports