India’s Public Debt: A Practical Analysis

Abstract

Public debt has a crucial role to play in the progress of the developing countries. Realising by this fact, more and more countries resort to borrowing and this had increased at an alarming rate. This had created an enhanced desire to study the problem of public debt with a view to understanding whether the public debt had given more advantages or disadvantages to an economy over a period of time. The amount of public debt had given rise to many economic problems and of late there had been a concern for minimising the nature and the role of the public debt in the Indian economy. This paper is an attempt to measure the average level and stability of public debt during 1950-51 to 2010-11 of India. The objectives of the present study are:

1. To study public debt and source of revenue
2. To list out the average level and stability of public debt during 1950-51 to 2010-11 of India.