View: With a spendthrift new Budget, Narendra Modi is undermining his greatest strength as an economic manager

Once the pandemic retreats, India might end up with a debt-to-GDP ratio north of 90%, compared to the low seventies at present. It would be saddled with a permanently elevated fiscal deficit and a financial system bogged down by unknown levels of bad debt.

from News-Economic Times https://ift.tt/2NTKLLB