Interest payments consume nearly a quarter of India's budget
Economic journalist Shankkar Aiyar noted in an interview with The Core that India allocates approximately 25% of its total government spending toward interest payments. He explained that these significant costs restrict the funds available for new investments and public welfare initiatives. Aiyar suggested that increasing the monetisation of government assets could help lower borrowing needs, while also emphasising that boosting investments in education and healthcare is essential to maximise the benefits of infrastructure spending.
by shortkt.com✓