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#India #PublicDebt to #GDP - CAN INDIA Sustain a High Real GDP growth say 6% for 15 years ?
Empirical Evidence collected by several peer reviewed papers indicate an economy's growth Faulters when PUBLIC DEBT > 85-90% . India Debt/GDP = 90%. Chart 2 implications. COMMENTS welcome
See how Indias Debt to GDP has reached almost 90% despite Indias TAX TO GDP ratio being at its LIFE-TIME high...
And Empirical Evidence from over 32 economies which have witnessed development indicate that LongTerm REAL gdp growth struggles to exceed 3-4% over a 5 to 15 year time-frame.
Read 6 tweets
๐Ÿšจ*๐๐ˆ๐„๐’๐‘ ๐๐ฎ๐๐ ๐ž๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐‚๐ก๐š๐ซ๐ญ๐ฉ๐š๐œ๐ค* ๐Ÿšจ

All you need to know ahead of next week's #Budget in one... THREAD ๐Ÿ‘‡

1/19
#CovidEconomics
#BudgetSpeech2021
#EconTwitter
The #Budget2021 comes at a critical time when the UK is in the middle of battling the #pandemic and the economy is substantially weakened with uneven effects at industry, household & region level.

Read the economic context to #Budget2021 here ๐Ÿ‘‡

2/19
niesr.ac.uk/publications/uโ€ฆ
We project the UK economy to contract again in 2021Q1 due to the second wave and the winter #lockdown as well as the effects of post-#Brexit adjustment, bringing #GDP to some 11% below pre-#pandemic levels

3/19
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