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A Study on Growth and Composition of India's External Debt

International Journal of Economics and Management Studies
© 2017 by SSRG - IJEMS Journal
Volume 4 Issue 11
Year of Publication : 2017
Authors : Dr.N.Eswaran, Dr.M.Meenakshisundaram
10.14445/23939125/IJEMS-V4I11P103
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How to Cite?

Dr.N.Eswaran, Dr.M.Meenakshisundaram, "A Study on Growth and Composition of India's External Debt," SSRG International Journal of Economics and Management Studies, vol. 4,  no. 11, pp. 17-30, 2017. Crossref, https://doi.org/10.14445/23939125/IJEMS-V4I11P103

Abstract:

External debt is major source of public receipts and financing capital accumulation in any economy. It is a medium used by countries to bridge their deficits and carry out economic projects that are able to increase the standard of living of the citizenry and promote sustainable growth especially when domestic financing is inadequate. External debt also improves total factor productivity though increase in output which in turn enhances Gross Domestic product (GDP) growth of a nation. The importance of external debt cannot be overemphasized as it is an ardent booster of growth and thus improves living standards thereby alleviating poverty. It is important to understand the Indian economy only through the adjustment of fiscal dimension like external debt made by Government of India. Hence, the researchers have focused on the growth and composition of India’s external debt.

Keywords:

 

The researchers have focused on the growth and composition of India’s external debt.

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