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Internal Public Debt of Government of India: Growth and Composition
B. B. Bhattacharya and Srabani Guha
Economic and Political Weekly
Vol. 25, No. 15 (Apr. 14, 1990), pp. 780-788
Published by: Economic and Political Weekly
Stable URL: http://www.jstor.org/stable/4396164
Page Count: 9
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This paper analyses the growth and composition of the internal public debt of the government of India during the period 1970-71 to 1987-88. Discussing the concept and measurement of public debt, the authors point out that the budget classification does not provide a proper measure of the government's internal debt, tending to over-estimate it in some respects and under-estimate it in others. The authors note a significant change in the trend of public debt in the eighties as compared to the seventies and discuss the proximate causes and policy implications of this change.
Economic and Political Weekly © 1990 Economic and Political Weekly