The reality of India’s debt

28/02/2025 8 min

Listen "The reality of India’s debt"

Episode Synopsis

A month ago, during the Union Budget, everyone was talking about the ‘fiscal deficit’— this refers to when the government borrows money because it spends more than it earns. And with the latest deficit down to 4.8%, from 7% during COVID, economists were pleased. But…this doesn’t account the deficits of the 28 states! And that’s a whole other story. Tune into to understand the twist in this tale!