High economic growth will save India from a debt trap, experts say


img

With the Lok Sabha passing the Credit Act on Wednesday, one of the pivotal problems facing the government is the high debt trajectory entailing its spike in spending. The medium-term fiscal policy strategy presented in Parliament, together with the Union budget, did not address the debt trajectory as it would be covered by a new law on fiscal responsibility and budgetary management (FRBM).


However, the recommendations of the 15th Finance Committee prescribe a roadmap for the debt trajectory of the Center and the states through the 2025-26 (FY26) fiscal year. The road map indicated that …

MONTHLY STAR

Business Standard Digital

Business standard digital monthly subscription

Full access to the premium product

Convenient – Pay according to use

Pay only with Amex / Master / VISA credit cards and VISA debit cards

Automatically renewed (subject to approval from your card issuer)

Cancel any time in the future

Requires personal information

What do you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device via browser or app.
  • Exclusive content, features, opinions and comments – hand-selected by our editors, just for you.
  • Choose 5 of your favorite companies. Receive an email daily with all news updates about them.
  • Follow the industry of your choice with a daily newsletter specific to that industry.
  • Keep track of your investments. Keep track of stock prices in your portfolio.
  • 18 years of archive data.

NOTE:

  • The product is a monthly auto-renewal product.
  • Cancellation policy: You can cancel at any time in the future for no reason but 48 hours before your card is charged for renewal. We do not offer refunds.
  • To cancel, communicate from your registered email address and send the cancellation request email to assist@bsmail.in. Please include your contact number for quick action. Requests sent to a different ID will not be acknowledged or fulfilled.

SMART ANNUAL

Business Standard Digital
Register now and receive 12 months for free

Business Standard Premium Digital – 12 months + 12 months free

Subscribe for 12 months and get 12 months free.

One-time seamless sign-on to Business Standard Digital

Handy – Pay once a year

Pay with an instrument of your choice: all credit and debit cards, internet banking, payment wallets and UPI

Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device via browser or app.
  • Exclusive content, features, opinions and comments – hand-selected by our editors, just for you.
  • Choose 5 of your favorite companies. Receive an email daily with all news updates about them.
  • Follow the industry of your choice with a daily newsletter specific to that industry.
  • Keep track of your investments. Keep track of stock prices in your portfolio.

NOTE:

  • The product with a monthly term is an auto-renewal product. Once subscribed, subject to your card issuer’s consent, we will automatically charge your card / payment instrument every month and renew your subscription.
  • In the Annual Term product, we offer both an auto-renewal product and a non-auto-renewal product.
  • We do not refund.
  • No questions asked. Cancellation policy.
  • You can cancel future renewals at any time, including immediately after subscribing, but 48 hours before your next renewal date.
  • Subject to the above, please cancel by going to the “Manage My Account” section after signing up OR send an email request to assist@bsmail.in from your registered email address and providing your mobile number.


Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how we can improve our offering has only strengthened our determination and commitment to these ideals. Even during these troubled times emerging from Covid-19, we remain committed to keeping you informed and up to date with credible news, authoritative positions and sharp commentary on current issues of interest.
However, we have a request.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to bring you more quality content. Our subscription model has received encouraging responses from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through increased subscriptions can help us practice the journalism we are committed to.

Support for quality journalism and subscribe to Business Standard.

Digital editor

First published: Thu Mar 18, 2021.06:10 IST

Resource: www.business-standard.com

[ Sharing is Caring! ] Tags: DEBT
This div height required for enabling the sticky sidebar