Reducing debt burden necessary to create fiscal space for investment in priority areas: RBI Guv Das

Reserve Bank of India (RBI) Governor Shaktikanta Das stated that India's general government debt is expected to gradually decrease, supported by the country's fiscal consolidation path and improving growth prospects. In contrast, advanced economies face concerns about macroeconomic stability due to elevated public debt levels. Das emphasized the need to reduce debt burdens globally to create fiscal space for crucial investments, including the green transition.
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