 "ArcelorMittal lists India’s high public debt as risk factor for investments")
India’s rising public debt has begun to cause some discomfort to some big foreign investors. ArcelorMittal — the world’s top steelmaker — has listed India’s high public debt as a risk factor in its latest annual report.
“Other countries at risk of further economic crises include, for example, South Africa (in relation to its public debt), Ukraine (in relation to its external debt), and to a lesser extent India (in relation to its public debt),” wrote ArcelorMittal in its annual report for Calendar Year 2020 (CY20), while listing out potential economic risks to its global operations. The steel multinational acquired Hazira-based
