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While the ratings agency continues to say India's overall debt level remains way above that of similar-rated peers, strangely it doesn't adequately appreciate New Delhi's lower external debt level compared with others, a senior finance ministry official said. The official said the Centre's fiscal deficit dropped from 9.2% of GDP in FY21 to 6.4% in FY23.
Important. not good news for the us. you can see why the authorities are not pleased with this downgrade but i think the impact may be relatively limited in the long run. in terms of their concern about governance, saying it has not improved, it is actually gone the wrong direction over quite a long period of time. that is quite damning, really, isn't it? and to be honest, it is fair comment. every couple of years we seem to get these situations where there is wrangling, bipartisan wrangling, bipartisan wrangling, over the debt ceiling. really, the debt level in the us is used as a political f...
There is the issue of the debt level which remains high. what there is the issue of the debt level which remains high.— there is the issue of the debt level which remains high. what you think the prime minister's _ which remains high. what you think the prime minister's economic- which remains high. what you think| the prime minister's economic plans will look like going forward over the short and long term? $5 t will look like going forward over the short and long term? as i said i think it will — the short and long term? as i said i think it will focus _ the short and long term? as i sai...
Up by inflation, but still alarming numbers, and frankly, the credit card debt is what bothers me the most because you know what the interest rates are on those, it's very, very high. and there's a lot of background information that is disturbing about the economy. there are some great things like the last jobs report was phenomenal and inflation coming down year over year and headline, but then the one month inflation rate is higher. we had a big dropoff on the one, but the monthly numbers, .5%, now 6, 6.5% annualized rate. companies are laying off people, debt level is rising, all of this wh...
Of energy crisis, and another reason i will say, that is the interest rate sensitivity, because in some countries you have a really high debt level for consumers and also for businesses, and when you have a higher debt level in combination with higher borrowing costs then you are going to have quite a big negative impact on your economy. negative impact on your economy-— negative impact on your economy. negative impact on your econom. , , y economy. so 'ust briefly then, robert, economy. so 'ust briefly then, robert. what— economy. so just briefly then, robert, what do _ economy. so just b...