Change Text Size

Internal Public Debt of Government of India-Growth and Composition

BibtexBibtexEndnoteEndnoteRISRISGoogle ScholarGoogle ScholarPrintPrintEmailEmail

This paper analyses the growth and composition of the internal public debt of the government of India during the period 1970-71 to 1987-88. Discussing the concept and measurement of public debt, the authors point out thai the budget classification does not provide a proper measure of the government's internal debt, tending to over-estimate it in some respects and under-estimate it in others. The authors note a significant change in the trend of public debt in the eighties as compared to the seventies and discuss the proximate causes and policy implications of this change.

Subscribers please login to access full text of the article.

Subscribe Now !

Get instant access to the complete EPW archives

New 3-Month Subscription to Digital Archives at just Rs 350 for India and $15 for overseas users.



EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. comment, if suitable, may be selected for publication in the Letters pages of EPW.