According to the calculations of 2023 the debt of the Indian government in the last nine years is 100 lakh crore rupees after India independence that is from 1947 to 2014 we had a debt of 55 lakh crore rupees after the BJP government came in 2014 it increased to 1505 lakh crore rupees which means that in the last nine years our country debt has increased by almost three times. It is said that it has increased but what is the reason for this farmers who claim to be the backbone of the country take loans from the banks in our country. If they do business worth thousands of crores of rupees some businessmen take loans does debt hit us or are we being propagated like that if a man has 80 percentage of his hard earned income in a year then the situation is very difficult. Is it related to their development or if so why do countries like America and Japan claiming to be the most developed countries have debts beyond their income today I will tell you how they are able to stand as powerful countries despite all the debts and what is the logic behind it.
In the month of June 2023 a sports person related to the Congress party talked about the debts of the government and demanded to release a white paper explaining the current situation of our countrys economy. The questions is that in the 67 years of our country independence a total of 14 Prime Ministers have changed out of which 13 together. If 55 lakh crores of debt is incurred only Narendra Modi who came in 2014 has given our country 100 lakh crores of debtdue to which every common man is carrying a debt of 1,20,000 without knowing it. Moreover after the BJP government came the rich people who are in the top ten percent of the country have benefited more than the benefit to the middle class she asked a lot of questions but the point here is that how much debt does our country have and what are the reasons for it Listen carefully reason number One Developmental Projects Debt is very common in any developing country because one side of the development process is employment to develop the infrastructure in their country.
If you spend money to create on the other hand you have to spend money in the form of welfare schemes to support the farmers in order to eliminate the poverty in the country so if you do the same work done last year then you will not see development in the country. So for this purpose the government starts borrowing more money from the money they have but here I am not talking about any political party only because this is what any political party formed by the government does but what we need to notice here is how much debt any government takes what is important is how much money they have saved in the form of results to pay off the debt they have made it is equally important because the person who keeps the property that can pay off the debt is safe with him it does not matter how much he borrows and the government to if they have enough foreign exchange results for their needs then they are not afraid to do it this is called pay back capacity simple. Let us say if a country has enough foreign exchange results
Then the country economy will work very stable no matter how many debts it has also when the foreign exchange results of a country are much less than their debts then the country economy will start to collapse. Pakistan and Sri Lanka Pakistan The debt incurred is about 35 times more than their countrys foreign exchange results. Same and Sri Lanka debt is also about 19 times more than their foreign exchange results that why these two countries have faced a very bad financial situation in recent times. But when you hear this what is the situation of our country according to the calculations of 2023 if our country debt is 626 billion dollars our foreign exchange results are 586 billion dollars which means that our foreign exchange results are almost equal to our debt. So this is why India is in the fourth rank among the countries with the highest form of exchange results but due to debt our country does not have a problem debt is not the biggest problem but when the debt increases more than the income then the country faces financial crisis.
Do you understand that as we have already discussed the government spends their income for a whole year in two ways one is capital expenditure two is revenue expenditure and it is spent on projects such as revenue expenditure when for long term benefits also spend only on short term needs like salaries of employees welfare schemes interest on loans and maintenance charges all these are also spent from revenue expenditure but the government should always spend most of the money received in the budget on capital expenditure because it will develop the country at the same time revenue expenditure should always be as little as possible because this will benefit the country in the long run the reason why I am saying all this now is that when Corona came in 2020 many countries around the world spent a large amount of their budget on revenue expenditure in the form of welfare schemes rather than on capital expenditure to protect their people. In addition to the sun they have also borrowed extra India is included that is why our country debt which was decreasing until 2019 has been hit once in 2020. If you want to understand this you need to know the date GDP ratio.
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