Debt sustainability of subnational governments in India : lessons from international debt crises /
"In 2020, for the first time in history, the world's debt as a percentage of its GDP exceeded 100 per cent. Although it has since come down slightly, there are concerns about where the next debt crisis will happen, given that Pakistan and Sri Lanka have already found themselves in debt cri...
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| Format: | eBook |
| Language: | English |
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Oxford :
Oxford University Press,
[2024]
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | "In 2020, for the first time in history, the world's debt as a percentage of its GDP exceeded 100 per cent. Although it has since come down slightly, there are concerns about where the next debt crisis will happen, given that Pakistan and Sri Lanka have already found themselves in debt crises. Although India's overall fiscal health and macroeconomic conditions remain stable, the same may not be completely true when the discussion shifts to India's subnational entities. This book attempts to answer this question by analysing the debt sustainability of states in the context of many emerging issues and challenges to the states' fiscal health. The focus of the book remains providing usable and practical recommendations that can ensure the fiscal health of the subnational governments in India and in other federal countries across the world"--Publisher's description. |
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| Item Description: | This edition also issued in print: 2024. |
| Physical Description: | 1 online resource : illustrations |
| Bibliography: | Includes bibliographical references (pages 207-220) and index. |
| ISBN: | 9780198903147 0198903146 019890312X 9780198903123 |