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

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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.

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APPEARS IN

 2017-2018 (March) (with solutions)
Question 4.3 | 2.00 marks
Solution Why is India Considered to Be in a Virtual Debt Trap? Concept: Concept for Public Debt.
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