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Ayesha Ahmed
Ayesha Ahmed is working at NCAER as a Research Associate. While her interests are eclectic, she is most interested in working on issues related to macro-economics, international trade, public finance, inflation, and monetary policy. She has a Bachelor’s degree in Economics from Miranda House and a Master’s Degree in Economics from the Delhi School of Economics University of Delhi.
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India’s debt dilemma
In the fifth article in the Ideas@IPF2023 series, Eichengreen, Gupta and Ahmed reveal how high levels of debt in India limit the resources available for other priorities. At the same time, they predict that there is no immediate crisis of debt sustainability, as institutional factors limit rollover risk, and interest rates have not risen with additional debt issuance. However, financial stability and sustainability risks may arise in the future, and fiscal consolidation would require lower primary deficits achieved through tax revenue generation and privatisation.
