Time to stem the tide of huge appetite for debt

What you need to know:

  • The loans come with harsh conditions.
  • Put together, an economy can never grow through loans.

The government’s obsession with debt should alarm the citizens. Constant borrowing to keep the economy afloat is not a viable strategy: It is short-termism and fraught with perils. The country is getting mortgaged and, sooner rather than later, may find itself unable to fulfil its financial commitments.

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