This book deals with public debt and other related areas dealing with public debt. Since independence the Indian economy like any other economy embarked on the path of development and has to rely on borrowing as a means to support the effort. Public debt comprises both the internal and external debt. But the implications of the continuous rise in India’s internal and external public debt in the context of financing the economic development under the five year plans has become a matter of concern for the governance and people at large. This has opened out a new era of economic research and the manifold implications of public debt policy in the context of India are yet to be fully brought out. It is generally observed that the present size of India’s public debt is a matter of concern and India’s external public indebtedness has increased very much. The book provides a refreshing referral benefit to students, research scholars and teachers in socio-economic studies and policy-makers in reorienting development programmes.
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