India’s Rs 88 lakh crore debt burden worrisome: Congress

NEW DELHI: India had a "worrisome" debt burden of over Rs 88 lakh crore at the first financial quarter of 2019 with the government apparently having no inkling to deal with the country's economic slowdown, the Congress said on Saturday.
Addressing a press conference, Congress spokesperson Supriya Shrinate also said the debt has risen by 4 per cent compared to the last quarter.
India's debt stands at Rs 88.18 lakh crore at the end of June 2019, according to the latest data on public debt. This is a four per cent jump from the previous quarter i.e. a rise in debt by Rs 3.5-4 lakh crore. It is worrisome, Shrinate said at the party office here.
There seems to be no plan with the government to deal with the economic slowdown, she said, adding there was no proper communication between the government and the country's central bank- Reserve Bank of India.
The governRead More – Source