India's non-sovereign debt may nearly double to 150% of GDP by 2047 to fund Viksit Bharat: Crisil - Fortune India
India's non-sovereign debt may nearly double to 150% of GDP by 2047 to fund Viksit Bharat: Crisil - Fortune India
Source: Fortune India
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DW NOTE
Crisil projects India will load 150% of GDP into non-sovereign debt by 2047 to chase "Viksit Bharat" — developed-nation status. That's corporate, household, and state enterprise debt climbing from roughly 80% today, all to fund infrastructure Delhi won't put on its own balance sheet. When the leverage unwinds, it won't be the sovereign's problem until suddenly it is.