Debt Sustainability Indicators — Mains Questions

Assess India's debt sustainability in the post-COVID era, critically evaluating the role of both central and state government finances. What policy measures are needed to strengthen the fiscal space?

Evaluate the adequacy of the IMF's Debt Sustainability Analysis (DSA) framework for assessing India's debt profile. What adjustments or complementary analyses are crucial for a comprehensive understanding?

Discuss the various debt sustainability indicators and analyze how India has managed its external debt to maintain a resilient external sector despite global economic turbulences. Refer to relevant policy measures.

Compare India's debt sustainability profile with that of two other major emerging economies (e.g., South Africa and Turkey), highlighting key strengths and vulnerabilities. What lessons can India draw?