Debt Position of the Central Government of India: Analysis of Pre and Post-Reform Period

The present paper discusses the debt position of the central government of India since 1975. It first analyses the fiscal situation of the central government of India and looks at the trends of public debt of the central government of India during pre and post-reform period. Further the relative magnitude of the public debt and the national income should be taken into consideration to assess the burden of public debt, as it is an important indicator of the financial burden of debt. Lastly, the findings that came out from the review of foregoing analysis are summed up.