South Asia India's GDP Doubled In Last 10 Years: Will It Beat Germany & Become World’s 3rd Largest Economy by 2027? Check IMF Report

[Bilal9]

Going by your logic, US and Chinese economy are worse than BD because they have much higher debt to GDP ratio compared to India.

You misunderstood my point.

A higher debt-to-GDP ratio is generally considered bad because it indicates that a country may struggle to pay back its debts, increasing the risk of default and potentially leading to financial instability. This is the reason why institutions like the BSF don't have enough food or arms because the budget is quite low. For a huge force of 270,000 active personnel, they only have an annual budget of ₹28,231.27 crore (US$3.3 billion). Higher debt to GDP generally also means increasing amounts of money is going to the pockets of corrupt politicians.

For a country like India which is a large internal consumption economy, it may be OK to have a higher ratio but it still indicates that the economy is overspending its way into debt and will not have the funds necessary to properly finance public interest programs.

However, if a country can manage its debt effectively and maintain economic growth, a higher ratio might not be as detrimental, as it can reflect investment in future growth.

For the USA and China (disciplined economies), that is the reality. Planning and spending for public interest programs in these countries have evolved much further than those of India's, and they are not subject to debt issues.

 

[Krishna with Flute]

Thank you for the offer, I will avail of it if I am in India in the near future.

Well come. I can assure you that you will experience something which will remain in your good memory for ever.

 

[Krishna with Flute]

Thank you for the offer, I will avail of it if I am in India in the near future.

Well come. I can assure you that you will experience something which will remain in your good memory for ever.

 

[Krishna with Flute]

In some time from now, we shall keep adding USD 1 Tr every 1.5 years. Cheap solar power and reducing transportation cost because of dedicated Rail corridors, Superhighways, and rail routes, abundance of skilled manpower will drive India's growth.