High economic growth will spare India from debt trap, say experts

Finance panel had indicated that total debt could touch 90% of GD

With the Lok Sabha passing the Appropriation Bill on Wednesday, one of the crucial issues confronting the government is the high debt trajectory its expenditure boost will entail. 
 
The medium-term fiscal policy strategy tabled in Parliament along with the Union Budget did not delve into the debt trajectory as it would be dealt with by a new Fiscal Respo­nsibility and Budget Management (FRBM) law. However, the 15th finance commission’s recommendations prescribe a road map for the debt trajectory of the Centre and states till financial year 2025-26 (FY26).
 
The road map indicated that the total debt of the