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Kolkata Airport makes history by welcoming first Giant Airbus Beluga XL
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India is grappling with a substantial increase in its debt, with the figure reaching Rs 205 lakh crore in the July-September quarter, according to a recent report. Despite being the world's fastest-growing economy, the nation's debt load has surged, reaching 2.47 trillion dollars during the mentioned financial quarter. The rise is attributed to the lack of the desired impact of the dollar's appreciation during this period.
The report suggests that the financial expenditure details, amounting to Rs 9.25 lakh crore (4.51 percent of the total debt), have not been provided. Additionally, corporate bonds held a 21.52 percent share in the total debt for the second quarter of the current fiscal year, amounting to Rs 44.16 lakh crore.
The International Monetary Fund (IMF) had earlier hinted at potential challenges for India, stating that the country's general government debt could reach 100 percent of GDP in the medium term, posing potential difficulties in repaying long-term loans.
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West Bengal
Bihar
Uttar Pradesh
Jharkhand