The story of indias prosperity with 14 crore hungry - TopicsExpress

The story of indias prosperity with 14 crore hungry indians Economy improvement but a steep rise in external debt.So what does this mean? According to the World Bank and the IMF, external debt sustainability (the ability of a country to repay foreign debts) should not be more than 250 percent of a countrys revenue or 150 percent of exports. Higher external debt is harmful to the economy and most likely will result in default. The question is that could india really afford a war at this point? A External Debt in India increased to 390048 USD Million in 2013 from 345819 USD Million in 2012. External Debt in India averaged 150725 USD Million from 1990 until 2013, reaching an all time high of 390048 USD Million in 2013 and a record low of 75858 USD Million in 1990. External Debt in India is reported by the Ministry of Finance, Government of India. tradingeconomics/india/external-debt

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