RBI's tightening task: How India’s high interest burden muddles the central bank's job
· livemint.com
India’s debt-to-GDP ratio is below that of several major economies, but its interest burden relative to revenues is very high. This has multiple side-effects that complicate the demands made of its central bank.
India’s debt-to-GDP ratio is below that of several major economies, but its interest burden relative to revenues is very high. Central interest payments of ?...