Last Updated till Sept 2023
Indian Govt Debt almost tripled in 9 years of Modi Govt[1]
55 lakh crore (2014) → 161 lakh crores (2023)[2]
14 PMs together took 55 Lakh crore debt in 67 years
half of
1 PM (Modi) took 106 lakh crore debt in 9.5 years
Credits: Dainik Bhaskar[^1]
¶ 40/50 years tenured borrowing[3]
2023: 50-year bonds first time in History
Earnings from year 2073 is being spent today
- The government selling 300 billion rupees ($3.6 billion) worth bonds in the October to February 2023
- This accounts for almost 5% of its total borrowings
2015: 40-year bonds first time in History[4]
- Govt has borrowed at least Rs 2 trillion from the market from 2015-2022
Earnings from years 2055-2062 is being spent today
References:
https://www.bhaskar.com/db-original/explainer/news/india-total-loan-amount-manmohan-singh-vs-narendra-modi-govt-debt-spending-analysis-131419701.html ↩︎
https://cfo.economictimes.indiatimes.com/news/indias-total-debt-rises-to-rs-205-lakh-crore-in-sept-quarter/106169942 ↩︎
https://www.moneycontrol.com/news/business/india-will-sell-50-year-bonds-for-the-first-time-11440121.html/amp ↩︎
https://www.business-standard.com/article/economy-policy/rbi-to-issue-new-40-year-benchmark-bond-on-thursday-raise-rs-7-000-crore-121021201829_1.html ↩︎
