In this piece for Mint, Niranjan Rajadhyaksha, Executive Director, Artha Global, talks about the need for a fiscal council to offer independent estimates of the public debt trajectory.

Excerpt below:

“India is moving towards a new fiscal policy framework. Finance minister Nirmala Sitharaman said in the Union budget announced earlier this month that after 2025-26, the government will try to keep the fiscal deficit at a level ‘such that the central government debt will be on a declining path as a percentage of GDP’. What does this mean?”

You can read the full article here.

Image sourced from Mint