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India's public finances and private sector at taper tantrum risk

India is the third most indebted country among major emerging markets, behind Argentina and Brazil.

Topics
Foreign exchange reserves | Current Account Deficit | Indian Economy

Krishna Kant  |  Mumbai 



economy, growth, gdp, foreign exchange, public debt
A steady rise in India’s public debt in recent years has led to a situation where a larger portion of tax revenues is used to service interest on public debt than in the past despite a fall in interest rates in recent years | Illustration: Ajay Mohan

India’s macroeconomic variables such as and are much better than in 2013 when the economy was hit by taper tantrum, but the country’s public finances are in a worse shape than what they were eight years ago.

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First Published: Mon, March 22 2021. 06:10 IST

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