Rising Fiscal Deficit and Public Debt in India: Challenges and the Path to Fiscal Prudence
Introduction India’s economic aspirations rest heavily on sound fiscal management. The fiscal deficit and public debt are critical indicators of a nation’s financial health. While these are not inherently problematic, their sustained rise poses significant challenges for macroeconomic stability, inflation control, and long-term growth. Over the past few years—especially post-COVID-19—India has witnessed a marked increase…
