ICSE Class 10CISCE
Share
Notifications

View all notifications

Why is India Considered to Be in a Virtual Debt Trap? - ICSE Class 10 - Economics

Login
Create free account


      Forgot password?

Question

Why is India considered to be in a virtual debt trap?

Solution

Heavy borrowings to meet the interest charges and expenditure on salaries, pension and day-to-day administrative work have put India into a virtual debt trap. In this case, the liabilities are being given to future generations.

  Is there an error in this question or solution?

APPEARS IN

Solution Why is India Considered to Be in a Virtual Debt Trap? Concept: Concept for Public Debt.
S
View in app×