It's a new line of thought. But the question remains why a creditor (inboth internal and external public debt) should pay you money if it doesn't come back. No amount of growth can compensate the creditor's loss of money. If there is negative growth how are we going to repay the creditor.
It's a new line of thought. But the question remains why a creditor (inboth internal and external public debt) should pay you money if it doesn't come back. No amount of growth can compensate the creditor's loss of money. If there is negative growth how are we going to repay the creditor.
A very nice analysis. Nations like India should not shy from external borrowing as prudent leadership prevails here.