India's non-sovereign debt may rise to 150 pc of GDP by 2047: Crisil - BFSI News
India's non-sovereign debt may rise to 150 pc of GDP by 2047: Crisil - BFSI News
Source: BFSI News
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DW NOTE
Crisil projects India's private debt will hit 150% of GDP by 2047. That's a 23-year horizon — long enough to be unfalsifiable but precise enough to sound scientific. Meanwhile, U.S. federal debt already equals 100% of GDP today, and that's just the sovereign portion. The real story is that every major economy is running the same playbook: borrow against future growth that depends on the borrowing continuing.