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

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.

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