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

InterviewSolution

1.	Why is India considered to be in a virtual debt trap?
Answer» India’s public debt is too high. The interest obligation on this debt is much more than the national income of the country. As a result, India has to borrow money to meet its interest obligation. This gives rise to more debt and even a higher interest obligation for future. Therefore, India is considered to be in a virtual debt trap.

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