The Government of India is spending huge amount of money on various ac

1.	The Government of India is spending huge amount of money on various activities. This paved the way for the growth of public expenditure and external borrowings. Do you support external borrowings for meeting public expenditure? Substantiate your
Answer» 1. It is true that the Government of India is spending huge amount of money on various activities such as defence, urbanization, development programmes, welfare activities, etc. 2. It is desirable for the modem state to spend more for the welfare of the people. However, huge expenses have caused burden for the government. 3. Therefore, I do not support external borrowings for meeting public expenditure. This is because; borrowing from abroad will again bring another burden on the government in the form of interest payment.

The Government of India is spending huge amount of money on various activities. This paved the way for the growth of public expenditure and external borrowings. Do you support external borrowings for meeting public expenditure? Substantiate your

Answer»

1. It is true that the Government of India is spending huge amount of money on various activities such as defence, urbanization, development programmes, welfare activities, etc.

2. It is desirable for the modem state to spend more for the welfare of the people. However, huge expenses have caused burden for the government.

3. Therefore, I do not support external borrowings for meeting public expenditure. This is because; borrowing from abroad will again bring another burden on the government in the form of interest payment.

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