Latest / Lifelong Learning With A. A. Khatana
2 The Disconnect Between National Growth and Personal Debt
There is a significant tension between the 8.2% GDP growth reported on paper and the actual purchasing power of the common citizen. While the market appears prosperous, much of this spending is now being fueled by high-interest retail loans and EMIs rather than rising income.We explore the series of external shocks—from heavy US tariffs to the closure of the Strait of Hormuz—that have exposed the fragile state of India's foreign exchange reserves. With 25% of government revenue now dedicated solely to paying interest on debt, the treasury faces a critical shortage of funds to intervene in…
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