Policy reforms crucial as India's non-sovereign debt may reach 150% of GDP by 2047: CRISIL - Prop News Time
Policy reforms crucial as India's non-sovereign debt may reach 150% of GDP by 2047: CRISIL - Prop News Time
Source: Prop News Time
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DW NOTE
CRISIL projects India's non-sovereign debt at 150% of GDP by 2047 — a ratio that would put household, corporate, and state-level borrowing at levels currently seen in China and Japan, but without the industrial base or capital controls. The forecast assumes twenty years of uninterrupted growth, political stability, and creditor confidence. India has none of those locked in.