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The Anatomy of Public Debt Reductions: Case of India

In: India’s Contemporary Macroeconomic Themes


  • Prachi Mishra

    (International Monetary Fund)

  • Nikhil Patel

    (International Monetary Fund)


India has witnessed an unprecedented surge in sovereign debt on the back of the pandemic. We outline the costs and risks associated with high debt in India, drawing on experiences across countries as well as India’s own past. We conclude with a discussion of the benefits of reducing debt and possible scenarios that could achieve a sizable reduction over the next decade.

Suggested Citation

  • Prachi Mishra & Nikhil Patel, 2023. "The Anatomy of Public Debt Reductions: Case of India," India Studies in Business and Economics, in: D. K. Srivastava & K. R. Shanmugam (ed.), India’s Contemporary Macroeconomic Themes, chapter 0, pages 237-241, Springer.
  • Handle: RePEc:spr:isbchp:978-981-99-5728-6_10
    DOI: 10.1007/978-981-99-5728-6_10

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