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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)

International Peer Reviewed & Refereed Journals, Open Access Journal

IJCRT Peer-Reviewed (Refereed) Journal as Per New UGC Rules.

ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013

Call For Paper - Volume 14 | Issue 3 | Month- March 2026

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  Published Paper Details:

  Paper Title

CURRENT SCNEARIO OF PUBLIC DEBT IN INDIA

  Authors

  Dr. Vijayakumar. N

  Keywords

India, Public Debt, GDP, SDG 17, Article 292.

  Abstract


Public debt can be strategically used as a counter-cyclical measure to stabilise the economy during economic downturns. Increased government spending through borrowing can stimulate economic activity. In India, public debt includes the Union government's total liabilities that must be paid from the Consolidated Fund of India (Article 292). SDG 17, focusing on "Partnerships for the Goals," recognizes the importance of global cooperation and financial resources for achieving sustainable development, including addressing public debt sustainability, a key aspect for India. India's stance on SDG 17 includes promoting a fair and equitable trading system and assisting developing countries in achieving long-term debt sustainability. Public Debt in India, today, is raised to meet the government's revenue deficits (the difference between the income of the government and money spent to run the government) or to finance public works (capital formation). As of March 2024, the Central government's outstanding debt stood at INR175 lakh crore, more than double the INR96 lakh crore recorded in March 2020. India's debt-to-GDP ratio stands at approximately 83.1% as of 31.03.2024. It marks a significant increase from pre-pandemic levels, where the ratio hovered around 69% until 2018. The World Bank is an international development organization owned by 187 countries. Its role is to reduce poverty by lending money to the governments of its poorer members to improve their economies and to improve the standard of living of their people. This study investigated the impact of public debt from 2019 to 2026 in India.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT25A3396

  Paper ID - 281033

  Page Number(s) - m145-m151

  Pubished in - Volume 13 | Issue 3 | March 2025

  DOI (Digital Object Identifier) -    http://doi.one/10.1729/Journal.44492

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Dr. Vijayakumar. N,   "CURRENT SCNEARIO OF PUBLIC DEBT IN INDIA", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.13, Issue 3, pp.m145-m151, March 2025, Available at :http://www.ijcrt.org/papers/IJCRT25A3396.pdf

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Call For Paper March 2026
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ISSN and 7.97 Impact Factor Details


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ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
ISSN
ISSN and 7.97 Impact Factor Details


ISSN
ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
ISSN
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